Nethone decreases fraud rates for a major bank while remaining compliant with state Personal Data Law
A bank operating in Europe and Asia was dissatisfied with its current rules based anti-fraud setup. As a major bank providing financial services, it is prone to attacks from cybercriminals on desktop and mobile channels, particularly social engineering fraud. The bank therefore required an effective solution to decrease fraud rates with a response time in no more than 500 milliseconds.
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As we’ve seen time-and-again in recent years, the resilience of the global travel industry can be pushed to breaking point with very little warning. Recurring episodes of disruption have had wide-reaching consequences, but among the most perplexing for merchants is the inevitable spike in payment fraud and chargebacks. Using travel disruption as a case study, this session will feature the online travel agency lastminute.com, the fraud prevention company Riskified and the chargeback management solution Justt, who will unpack the relationship between external shocks to demand, fraud and chargebacks, and share remedial strategies that all companies can follow.