Payment transactions are a hacker’s favourite target. Thus, there is all the more need for intelligent protective measures to ward off professional fraudsters. This is where the fraud detection solution from Ergon comes in, with a process based on statistics and machine learning.
The self-learning system quickly recognises fraudulent payments more reliably than traditional fraud detection methods. It analyses large volumes of anonymised data by identifying and generalising patterns and norms; it then accurately evaluates the scenario and learns from it without the need for new rules to be manually defined, or any other form of interaction.
It is recommended that the solution be used in combination with other security products, such as the Airlock Suite, for comprehensive protection. In this way, an optimal combination of prevention and detection mechanisms are utilised.