Cyber Security
                     Let’s Say Goodbye To Financial
Fraud For Good
Fraud can be detrimental in a number of ways. It can refer to improper payments,
money laundering, terrorist financing by compromising cyber security. Fraud at a
personal  level  can be damaging both financially  and emotionally.  But  when it
takes place in an organization, especially a financial set-up, it can play havoc. 
Organizations have tried to prevent fraud, but most of the times, their approach is
fragmented.  They  mostly  use  business  rules  and  highly  simple  analytics  to
determine discrepancies and anomalies. This would leave a number of loopholes
which would  enable  the criminal  to  escape unscathed by the  time fraud was
detected.
To combat fraud effectively, newer technology is the need of the hour to combat
the  menace  of  financial  fraud.  This  calls  for  more  than  the  usual  standard
analytics like predictive and adaptive analytics techniques that can lessen the risk
on and lead to ultimate fraud prevention.
FundingShield  is  a  leading  name  when  it  comes  to  trusted  services  of  risk
management, fraud prevention and regulatory compliance technology solutions.
It  provides  trusted  services  to  allow  lenders,  investors,  homebuyers  and  title
companies  to  confirm  wired  funds  are  going  to  intended  recipients  and
transactions  are  free  of  impact  from  cyber  fraud,  phishing,  business  email
compromise, title or wire fraud.
Fraud Detection in Today's World
Today detecting fraud involves a systematic approach that must lead totally data
points with activities to find abnormalities. Fraudsters today employ sophisticated
tactics. It is imperative to beat them at their game and have the required know-
how to stay on top of their high-tech ways.
Many times, cyber security breaches inadvertently lead to fraudulent activities. It
is  essential  to  monitor  the  real-time  transaction.  It  is  important  not  just  for
financial transactions, but also for digital event data surrounding authentication,
session, location and device.
Organizations should follow the following steps to identify and stop fraud attacks
and crime quickly and accurately.
1. Identify and tally all data types from various departments or channels and
blend them into the analytical process.
2. Monitor  transactions,  social  networks,  high-risk  anomalies  and  analyze
them with behavioural analytics to enable real-time decision making.
3. The requirement for an analytics culture by visualizing data at all  levels,
which must include investigative workflow optimization.
4. Employ layered security techniques.
FundingShield is designed to timely discover fraud detection and judiciously take
up measures for its  prevention in the future.  It  offers impeccable and reliable
services to efficiently to protect your organization.