sponsored by IBM
Posted:  07 Jul 2011
Published:  01 Aug 2009
Format:  PDF
Length:  8  Page(s)
Type:  White Paper
Language:  English

Over the past 20 years, financial institutions, governments, insurers and retailers have seen an explosion in the amount and types of fraud perpetrated against them.

In the United Kingdom alone, card-fraud losses in 2006 totaled €620.6 million (£428 million) and while this total represented a reduction of 3 percent over 2004 and a decrease of nearly €116 million (£80 million) over the past two years, it was still a considerable loss to business. Of particular concern is the evolution of types of fraud to circumvent the effectiveness of PIN-based domestic transactions. This has led to a 43 percent increase in fraud committed on UK cards abroad, where perpetrators take advantage of non-PIN environments.

Compliance (Finance) | Cybersecurity | Decision Support Systems | Financial Management | Fraud Protection | Neural Networks | Payment Card Industry | Payment Card Industry Data Security Standard

View All Resources sponsored by IBM

About TechTarget:

TechTarget provides enterprise IT professionals with the information they need to perform their jobs - from developing strategy, to making cost-effective IT purchase decisions and managing their organizations' IT projects - with its network of technology-specific Web sites, events and magazines

All Rights Reserved, Copyright 2000 - 2014, TechTarget | Read our Privacy Statement