Fraud & Risk

Understanding the Swiss Cheese Model: A Fraud Prevention Strategy

Aaron Boyd - Emailage

Presentation

The Swiss Cheese Model states that for merchants to have the least amount of fraud, they need to implement complementary, best of breed solutions that cover the different holes in their risk engine. This model gives merchants the ability to test multiple solutions, refine their automated rules, and accurately measure the ROI to create an effective plan.

This presentation looks at the concept of layered security, and why data breaches and stolen devices exploit vulnerabilities with other models. Next, best practices for choosing and evaluating solutions are discussed, followed by a look at why networked data is superior to static data. The presentation concludes with the benefits of machine learning and an overview of the Emailage network.

Note that this presentation is also available as a webinar. To view the webinar, click here.

Understanding the Swiss Cheese Model: A Fraud Prevention Strategy

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