Fraud Risk Assessment
Service for the analysis of AS-IS and definition of improvement plans
A financial institution that wants to offer its Clients an online banking service not only has to face the threat of fraud that crosses this specific business channel, but it must also be concerned about correlating activities that the Client carries out on different channels: a single point of monitoring is necessary to prevent IT criminals and fraudsters, who habitually try to discover weak points in the bank’s defenses, from obtaining information and data to launch fraudulent activity and transactions aimed at monetization.
Prevention of online fraud requires a stratified approach based on risk that doesn’t rely on a single instrument or tactic when there are multiple threats to block: Phishing & Banking Malware, Identity Theft & Account Takeover, Device Compromise, Payment Fraud, Merchant & Cards Fraud, and many others.
Continual support in neutralizing fraud has enabled Alfa Group to introduce the concepts of Fraud Analytics based on AI and Machine Learning among its integrated solutions.
Alfa Group’s competencies and technological solutions in the area of Fraud Management include:
Service for the analysis of AS-IS and definition of improvement plans
Integrated solution to neutralize Phishing, Smishing and Brand Infringement
Integrated solution for the collection of Mule Accounts and compromised Cards
Competencies using technologies to detect suspicious transactions in real time
Integrated solution for the analysis and management of suspicious cases
Solution for the production of reports aimed at complying with PSD2 legislation
With Alfa Group’s approach, all these competencies and technological solutions can be integrated in a single foundation, which is responsible for managing all the specific information, carrying out analytical activities and orchestrating them in an optimal way to provide antifraud analysts with a single instrument, which is able to address online fraud at 360°.