Fraud in the Digital Age: Why Shared Intelligence is the Key to Staying Ahead
IT News Africa | Staff Writer - Nov 22, 2024
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- Collaborative digital identity intelligence improves fraud detection.
- One organization increased customer recognition rates to 94%.
- Another boosted fraud capture rates by 26% through digital identity integration.
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The findings of the report highlight a critical need for organizations to prioritize the integration of shared fraud intelligence into their risk management strategies. As fraud tactics evolve, especially with the rise of AI, businesses must adapt quickly to maintain consumer trust and protect their operations. A collaborative approach to fraud prevention could be the key to staying ahead of increasingly sophisticated threats.
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