STAR®

When it comes to data breaches, the question may not be “if” your organization will become a target; the question may more likely be “when?” Fortunately, careful operations planning and preparation can control costs, improve customer loyalty, and preserve your reputation if the unlucky day arrives and your organization is affected by a data-compromising event.

First Data conducted an analysis of 2008 reported fraud instances to discover which solutions work best to detect and prevent fraudulent activity with debit card transactions. The analysis tracked three categories of debit accounts: those using no neural network-based fraud detection solutions, those using only a neural network solution and those protected by both neural network and rules-based decisioning tools. This document provides a summary of our findings.

Fraud, in the form of cyber crime, security breaches, identity theft and others, is more dangerous to your organization than you think, and treating it simply as a risk of doing business may embolden criminals and cost you customers. A well-designed fraud management program can help protect your customers and improve profitability.