Cyber Security Activities

Data theft, identity and bank accounts, the most common frauds

Companies are opting for artificial intelligence and machine learning to combat these attacks.
How do companies in the Emea region (Europe, Africa and the Middle East) fight fraud? Are you really ready to fight him? What are the most common attacks that are committed in organizations? A study launched by Experian, and prepared by the consulting firm Forrester, answers all these questions. For example, despite the fact that two out of five companies claim that fraud is properly evaluated and understood within the organization, only 32% recognize that it is clearly defined, measured and backed by automation. And only 14% believe that their ability to prevent fraud is optimized correctly.
Among the most common attacks include data theft (58%), in Spain it reaches 62%; identity theft (47%) and fraud of the theft of a checking account (45%). In the past, fraud has always been linked to a direct impact on the income statement. However, now it does so with the loss of customers and reputation. Therefore, 85% of respondents point out that prevention is a priority for their firm.
In light of the impact and volume that fraud has acquired, many companies also recognize the need to invest in innovation and technology to manage it more effectively. 51% of respondents plan to invest in artificial intelligence and machine learning solutions over the next three years, along with modular single-access platforms (55%) and the capabilities to prevent fraudulent activities.

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