Utilizing advance fraud detection tools is very important and you can leverage on advanced technology such as machine learning algorithms and artificial intelligence to track fraudulent activities. Taking note of behavioral patterns in transactions is very important because it will help you to detect fraud patterns and the anomalies that is indicative of any kind of fraudulent behavior.
How to prevent fraud in online transactions.
- Thread starter Reedex
- Start date
While this is a good way to prevent fraud, the truth of the matter is not everyone is computer literate enough to do this, or most persons are not even aware there are things like this. So a simple way to prevent fraud, though might not be as effective as this but would definitely help is making sure you do not share your personal details to anyone, and always ensure you have made proper research on who you are dealing with online.
