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As online fraud detection grows beyond traditional use cases, what qualities should security and risk management leaders look out for in a solution? Get key recommendations for navigating the online fraud detection market from Gartner Research.
“Fraudsters often operate within specific geographical regions and typically target organizations with the weakest countermeasures. Once an attack pattern has been stopped or is no longer relevant, fraudsters either change their tactics or switch targets. Thus, it is imperative that an OFD (Online Fraud Detection) platform can learn and improve from confirmed loss events within specific geographies (ideally across borders and globally), not just within a single organization. This requires the platform to have the ability to share anonymized telemetry about users, devices, and event outcomes (particularly confirmed frauds) across an entire network and for all customers. Systems, policies and algorithms can then be updated in real time to defend against evolving threats.”*
Read the Market Guide to learn:
*Gartner, Market Guide for Online Fraud Detection, Akif Khan, Dan Ayoub, 12 December 2022
Stop fraud, break down data silos, and lower friction with Sift.