Banks worldwide are well aware of the fraud risks in the current banking climate and are constantly examining proven and innovative techniques to reduce fraudulent activities.
However, fighting fraud is not simply about catching the perpetrators of the crime once it has been committed. In an ideal situation, banks would also be able to identify fraud, thereby gaining the ability to stop it before it happens. But how effective are the counter-measures that are currently being applied and which ones are really keeping fraudsters at bay?
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