Fraud continues to plague businesses of all sorts, including banking, finance, payments, insurance, retail, media, travel, hospitality, gaming, health care, government agencies, etc. Fraudsters are rapidly changing their tactics and techniques. Consumer and B2B accounts are heavily targeted. Any digital resource that can be converted into currency of any kind is at risk.
We'll take a look at Fraud Reduction Intelligence Platforms (FRIP): services that are designed to help businesses and government agencies detect attempts to defraud individuals and businesses and prevent loss. We'll consider up-to-date statistics on the evolution of fraud, which functions are provided by FRIP service providers, and how they work with customer infrastructure. KuppingerCole has published Leadership Compasses on FRIP (click here for the most recent), and continues to refresh coverage of the subject.
