As per a recent report, Business Email Compromise (BEC) attacks have surpassed the value of damage to organizations in the past years and are estimated to balloon to $ 9 Billion in 2018. The Federal Bureau of Investigation (FBI) has revealed that BEC attacks had turned to a $5.3 Billion industry in the past years.


Email intelligence plays an important role in determining the financial fraud risk associated with an email address. QPS fraud prevention analysts utilize email intelligence as the combination of data from across the email ecosystem, analytics by making it accessible and manageable to derive an actionable insight.

Deeper Dive Into Email Address for Quick Fraud Detection

For our analysts, the email address of your customer is more than just a point of contact. The email address is a critical data source that is used in almost every single transaction taking place today. It remains a vital part of a variety of actions starting from account openings, online purchases to fraud. It is very important to keep track of the data deciphered by the email address to detect fraud.

The importance of artificial intelligence (AI) in combating fraud is no more a novice strategy. Its benefits have been proved and helping fraud analysts a lot in detecting and preventing fraud. The use of AI solutions has been instrumental in enhancing the security for a variety of businesses including financial and retail.

By tracing the steps of card usage and device or endpoint access, fraud prevention specialist have been effectively connecting points of compromise and thus help in combating scams. QPS analysts utilize AI to trace those malicious steps by analyzing the transactions and devices.



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Testimonial

"Our use of QPS's allowed us to seamlessly and effectively extend our existing staff into after hours, weekend and holiday coverage to match the never ending efforts of the fraudsters. Their collaborative approach to partnering with Bethpage and our combined laser focus on transaction monito ring has resulted in quite significant confirmed fraud saves and a higher level of member service."

Robert Hoppenstedt
SVP Operations and Marketing, Bethpage Federal Credit Union

"Our partnership with QPS has helped us with a robust round the clock transaction monitoring framework inclusive of rule efficacy and a structured fraud fighting approach."

Shanta Sewnarain
Asst. Vice President - Operations and Risk, Bethpage Federal Credit Union

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