Protect your business or personal finances with financial fraud software. Financial fraud is a growing problem in this country and cybercriminals are coming up with increasingly clever tools and methods find security weaknesses. Humans can only do so much to stave off these fraudsters, which is where technology comes into play.
Financial fraud software tools can assist clients in detecting and preventing fraud using state-of-the-art verification methods and analytics. Whether through device fingerprinting, transaction monitoring or behavioral analysis, the best financial fraud technology can prevent clients from becoming the next victim of a cybercriminal.
Financial fraud software works in real-time, so you can feel at ease knowing your finances are consistently being monitored. Many software tools on the market also keep you informed of potential threats, so you can take the necessary steps to eliminate them or prevent yourself from falling into a criminal’s web.
Here we’ve highlighted some of the best financial fraud software tools on the market. These software products are equipped with advanced algorithms and artificial intelligence that can put a stop to fraud before it happens. From business to personal finances, these are the top financial fraud software options that can help you.
FICO Application Fraud Manager
The FICO Application Fraud Manager comes straight from the Fair Isaac Corporation, the corporation widely recognized by financial institutions all over the country. Their software is designed to detect and prevent fraud for financial institutions during the application process – whether for a credit card, loan or any financial product.
FICO utilizes advanced analytics and computer algorithms to analyze data such as identifying information, credit history and behavioral patterns that may indicate potential fraud risk. The software is designed to prevent various types of fraud using an array of tools at its disposal.
Key features of the FICO Application Fraud Manager include identity verification, fraud detection, risk scoring, compliance monitoring and real-time alerts. Their software can take human error out of the equation by performing risk assessment for you. It can identify application inconsistencies that you cannot see and provide additional insight in terms of risk scoring. And by monitoring applications and providing real-time alerts, you can always be one step ahead of the game.
SEON’s financial fraud prevention software also offers a wide range of solutions to assist businesses in counteracting fraudulent activity. Using algorithms and artificial intelligence, SEON’s Fraud Prevention Suite can track and analyze large sets of data in real-time so nothing gets past you.
Additionally, their risk email software can help assist employees of your business through risk email assessment. The software is designed to detect fraudulent emails, phishing scams, spoofing and more.
Meanwhile, their Social Media Lookup tool can go where humans dare not, investigating potential fraud risks. And on top of that, there’s Device Fingerprinting which uses both device and browser fingerprinting to identify potentially fraudulent activity across the multiple channels.
It should be noted that SEON does not reimburse businesses from scams, and is merely intended to prevent such incidents from occurring. In the event that you do fall victim to a scam, you are not insured by SEON.
For simple personal financial fraud detection, there’s Aura. Powered by artificial intelligence, Aura provides state of the art protection for your whole family. Stopping cybercriminals before they can act, Aura’s software keeps families informed and gives them the tools to act quickly.
Aura’s app is easy-to-use, without an overtly complex interface, so there’s very little learning curve. Alerts for fraudulent activity and new credit inquiries are sent in just minutes. You can act just as quickly too, locking your Experian file instantly.
In addition to financial fraud detection, the Aura app provides offers numerous other features including identity theft protection, parental controls, antivirus software, and password management.
Trying Aura is risk-free because there is a free trail and 60-day money back guarantee for annual plans. Pricing varies depending on the plan you choose but with your service, you’ll get up to $1,000,000 in insurance coverage that will protect you from identity theft losses.
Conclusion
Financial fraud is no joke. As financial institutions become more privy to potential fraudsters, cybercriminals are constantly learning new ways to bypass their security measures. However, you can always be one step ahead by implementing financial fraud software to monitor your finances and subdue potential risks. You really can’t afford to be without it.
