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The same way technology rapidly progresses for business and recreational use, so it does for fraudsters as well.
Account takeover fraud in banking is up nearly 300% year over year, web applications fraud is up 200% and fraud of government services and payments is up 30%.
The only way to protect against fraud is to keep your organization up-to-date with burgeoning technologies, like machine learning, and integrate best practices into your fraud protection models.
Read this white paper for advice on all the challenges and technologies regarding fraud detection.