It depends on what product/service you are trying to detect fraud on. Generally speaking the best approach is a layered one that utilizes information from various data points to asses the fraud risk and alert accordingly.
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Regional Manager/ Service Delivery Manager at ASPL INFO Services
Nov 29, 2021
Hi @Evgeny Belenky ,
Cognitive security can be interpreted as the application of AI technologies patterned on human thought processes to detect threats and protect physical and digital systems.
Like other cognitive computing applications, self-learning security systems use data mining, pattern recognition and natural language processing to simulate the human brain, albeit in a high-powered computer model. Such automated security systems that are designed to solve problems without requiring human resources.
Machine learning algorithms make it possible for cognitive systems to constantly mine data for significant information and acquire knowledge through advanced analytics. By continually refining methods and processes, the systems learn to anticipate threats and generate proactive solutions. The ability to process and analyze huge volumes of structured and unstructured data means that cognitive security systems can identify connections among data points and trends that would be impossible for a human to detect.
Cognitive security may be particularly helpful as a way to prevent cyberattacks that manipulate human perception. Such attacks, sometimes referred to as cognitive hacking, are designed to affect people's behaviors in a way that serves the attacker's purpose. Cognitive security efforts in this area include non-technical approaches to making individuals less vulnerable to manipulation as well as technical solutions designed to detect misleading data and disinformation and prevent its dissemination.
Online fraud is continually becoming more sophisticated. What can businesses do to protect themselves against new fraud techniques?
What tools can be used to help with fraud detection and prevention?
How can businesses stay informed about new online fraud threats?
This is a difficult question, you have a lot of different methods, like fake web sites with online payments, order staff but don't deliver. Follow transactions and check for user ID's passwords etc. Gartner recommend the following tools Online Fraud Detection Software Reviews 2021 | Gartner Peer Insights our cyber center for security and performance deliver a SaaS solution based on AI and unusual behavior. Let me know a little bit more specific what you need.
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sharing their opinions. Updated: November 2022.
It depends on what product/service you are trying to detect fraud on. Generally speaking the best approach is a layered one that utilizes information from various data points to asses the fraud risk and alert accordingly.
FICO, Lexis Nexis Threath Metrix.