Frauds are quite common in the retail vertical, resulting in rising revenue losses. With the growth in eCommerce, retailers are facing several issues, including fraudulent transactions, which is one of the major issues. Retailers are losing goods from their supply chain and money from their bank accounts as fraudsters and criminals access eCommerce websites using false identities and information. Sometimes fraudsters gain unauthorized access to goods passing through the supply chain. Fraud can also significantly impact eCommerce customers. In order to avoid such incidents, retailers now rely heavily on FDP solutions which identify fraud patterns and trends in customer behavior, and alert them when deviations or irregularities are observed.
Fraud Detection and Prevention Solutions in Retail and Consumer Goods
Guardian Analytics provides products for fraud Detection, fraud Analytics and AML. It studies the fraudsters’ techniques and remain a step ahead of them. The only company to protect 100% of users and account holders against all types of threats and frauds and also learns from the attacks to be more advanced. Other solutions include account takeover detection, reconnaissance, and fraud set-up activity that indicate possible criminal activity in the early stages of an attack.
Imperva Bot Management's holistic approach provides the most visibility and control over human, good bot, and bad bot traffic. The company’s vigilant service, superior technology, and industry expertise provides customers with unprecedented protection from automated threats—without affecting the flow of essential business traffic.
Software AG's Event Analytics for Adabas is one of the trusted names for IoT, analytics, independent integrating and process software solutions for enterprises. Fraud detection software by Software AG helps enterprises with real-time metrics and big data records to combat fraud and reduce time-to-detection. Built on Complex Event Processing; the fastest CEP engine, the software allows companies to decrease the missed transactions up to 0.005%, and fight against scams of millions of dollars every year.