Special Report: 4 Best Practices for Combating Online Fraud

1. Gather as much data as possible on every transaction, no matter how trivial it may seem. The more data you have at your disposal, the more likely you are to detect fraud. Using this broad data set as the foundation, correlate each individual transaction element with historical instances of fraud to determine its predictive value. Also, correlate the various combinations of these elements with fraud to uncover the links between data elements that are indicative of fraud.