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Fraud Detection
Fraud detection is a series of processes that protect business and customer information from unauthorized financial activity. It safeguards a company's accounts, transactions, and assets by analyzing the activities of people who use company computers, a business website, and other entities (such as kiosks). Fraud detection examines people's behavioral patterns when accessing information from or within a company, and also identifies characteristics commonly associated with fraudulent activities.
What Small and Midsize Businesses Need to Know About Fraud Detection
Small organizations might not financially recover after fraudulent activity, so fraud detection provides them with a safeguard. It protects a small organization's assets and data as it grows its business.
Related terms
- Tokenization
- ROIT (Return on Information Technology)
- SAC (Subscriber Acquisition Cost)
- Energy Trading and Risk Management (ETRM)
- Chief Revenue Officer (CRO)
- Core Banking System
- Record to Report (R2R)
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling
- Capital Allocation
- Compound Annual Growth Rate (CAGR)
- Net Present Value
- Hedge Fund
- Gateway
- Selling General and Administrative (SG&A) Expenses
- ROE (Return on Equity)
- Financial Planning and Analysis (FP&A)
- Dollar-Cost Averaging (DCA)
- Procure-to-pay Solution
