Payment Card Fraud Detection - Seguridad Mania.com - España y América Latina

Credit & Payment Card fraud has mushroomed into a massive challenge for consumers, financial institutions,regulators and law enforcement. As the accessibility and usage of Credit Cards burgeons and transaction volumes increase, Banks are losing tens of billions of dollars on an annual basis to fraudsters. The Nilson Report (as 2013) estimated that of every dollar of transaction, about 5 cents are lost to fraud which makes it a massive drain on the overall system. Another pernicious side effect of Payment Card fraud is identity theft. Banks are increasingly turning to Hadoop & predictive analytics to predict and prevent fraud in real-time. This webinar will discuss the overall business problem as well as the reason Hadoop is turning into the platform of choice in tackling this challenge. We will finally discuss a real world candidate architecture that illustrates the overall technology & data governance approach.