> IBM > Holistic Fraud Prevention: Transforming the Customer's Experience
 

Holistic Fraud Prevention: Transforming the Customer's Experience

White Paper Published By: IBM
IBM
Published:  Jul 15, 2015
Type:  White Paper
Length:  12 pages

Financial institutions are on a perpetual quest to improve customer engagement to drive increased transactions, account balances, loyalty and ultimately, profitability. Providing exceptional service to online banking customers is particularly critical. Unfortunately, the imprecise, antiquated fraud controls that many financial institutions rely on are not only failing to protect against sophisticated fraud methods, but are actually also negatively impacting customers’ online banking experience.
When evaluating and implementing fraud prevention technologies, most security professionals focus on only the fraud avoidance capabilities. They often overlook the potentially significant adverse impact on customers’ experience and operational costs. Good fraud prevention solutions must be effective at identifying and preventing fraud and must do so with no negative impact. Although many fraud prevention professionals believe there must be a tradeoff between strong security on one side and customer experience and operational costs on the other, this is simply no longer the case. Strong, effective security can and should both enhance customers’ experience and lower operational costs.
 
Read this white paper to learn:

What is the state of today’s cyber threat landscape
Why current platforms for fraud management fall short, hurting customers in the process
How Trusteer's Cybercrime Prevention Architecture provides a new paradigm for fraud prevention



Tags : 
cybercrime, malware prevention management, malware fraud, financial fraud, security solutions, vulnerability management, malware attacks, data security

We use technologies such as cookies to understand how you use our site and to provide a better user experience. This includes personalizing content, using analytics and improving site operations. We may share your information about your use of our site with third parties in accordance with our Privacy Policy. You can change your cookie settings as described here at any time, but parts of our site may not function correctly without them. By continuing to use our site, you agree that we can save cookies on your device, unless you have disabled cookies.
I Accept