No single layer of fraud prevention or authentication is enough to keep determined fraudsters out of enterprise systems. Multiple layers must be employed to defend against today’s attacks and those that have yet to appear. Establish an overarching fraud management framework for your organization that includes multiple layers. The layers can be introduced over time, based on priorities and the complexity inherent to various implementations.
CompuLynx’s Identity Management, Fraud and Loss Prevention (IMFLP) portfolio offers solutions that prevent Identity Thefts using Biometric and Smart Card technologies, mitigates Frauds by managing the operational risks using advanced algorithms. Further information security is bolstered using tools which help secure the data while at rest and in motion.
Make sure your business processes and Organization are properly structured to effectively manage fraud prevention systems; otherwise, important alarms and alerts will be ignored.