Fraud Detection

There is old saying - to stop a tiger eating you, you don't have to be faster than the tiger, just faster than the person next to you. Online banking fraud prevention is much the same; fraudsters will go for the easy money so you just have to make sure you are faster than the bank next door.

In order to stay ahead, many banks have now implemented two-factor authentication (2FA). While this has greatly reduced the effectiveness of phishing attacks, the tiger is a wily beast and has already worked out how to breach 2FA with Man-In-The-Middle and Trojans. For a good example, Google "ABN AMRO fraud attack".

So, to keep from being the main course (or even the apperitif), banks are now looking for defence in depth. Haley Fraud Detection provides that extra level of protection. It analyses all the transactions looking for anomalous behaviour, strange IP addresses, unusual amounts, limit changes and other suspicious activity - what a fraudster must do regardless of what their attack looks like. Anything out of the ordinary creates an alert which can then be investigated.

If you would like more information on keeping maximum distance between you and that tiger, you can contact us at sales@haley.com