As market conditions evolve, what makes a fraud solution accurate, adaptable, and worth the resources it requires to implement?

According to Gartner® analysts, “Fraudsters often operate within specific geographical regions and typically target organizations with the weakest countermeasures. Once an attack pattern has been stopped or is no longer relevant, fraudsters either change their tactics or switch targets. Thus, it is imperative that an OFD (Online Fraud Detection) platform can learn and improve from confirmed loss events within specific geographies (ideally across borders and globally), not just within a single organization. This requires the platform to have the ability to share anonymized telemetry about users, devices, and event outcomes (particularly confirmed frauds) across an entire network and for all customers. Systems, policies and algorithms can then be updated in real time to defend against evolving threats.”