The book of technology is smoothly growing and touching various aspects of our lives making it easier, simpler. However, as we escalate towards a more technological savvy world, there are threats that devour the road ahead. Where on one side, technology is helping people reach great ends, it's also paving the way for enhanced fraudulent activities. Fraud Management for businesses is to detect and fetch the fraudulent and illegitimate happenings and protect confidential data and information from falling into the wrong hands. Group Futurista brings forth the “Future Of Fraud Management For Businesses Summit (German Edition)” to help you gain insights into the advancing trends of the industry and depart with an enlightening note.
Fraud detection and prevention analytics is based on data mining and machine learning and is used for fraud analytics use cases such as payment fraud analysis, financial fraud analysis, and insurance fraud detection analysis. Detecting fraud with data analytics, software, and tools, and a fraud detection and prevention program enables organizations to predict conventional fraud tactics, cross-reference data through automation, manually and continually monitor transactions and crimes in real-time, and decipher new and sophisticated schemes. Fraud detection and prevention software are available in both proprietary and open-source versions. Standard features in fraud analytics software include a dashboard, data import and export, data visualization, customer relationship management integration, calendar management, budgeting, scheduling, multi-user capabilities, password and access management, Application Programming Interfaces (API), two-factor authentication, billing, and customer database management.
There have been several incidents of internal fraud over the past few years, some involving business closures. Widespread events in the public sector, remote gaming, and finance show that all sectors can be affected and have negative consequences for consumer confidence in business. On the other hand, companies are investing in anti-fraud systems. Building a framework for fraud risk management and a strong internal financial control system can help organizations mitigate the risk of loss from fraud and financial crime, and many organizations employ internal audit and risk management experts to provide strong fraud control systems. or hire. For years, retailers have been looking for a combination of technology solutions and internal controls to detect and prevent fraud.
New technologies allow scammers to advance further. As quantum computers advance, they too can become a serious threat. Computational speed gives you the ability to break encryption, which seriously impacts your digital privacy and security. All Internet of Things (IoT) devices uses encryption to communicate over secure connections. These messages can be intercepted and decrypted along with all encrypted data stored in databases today. The subtlety of the scammers and the risks posed by quantum computers make the development of artificial intelligence a top priority. AI, already used in anti-fraud technologies, is expected to evolve further, using supervised and unsupervised machine learning and anomaly analysis to detect unpredictable fraud patterns.
"There is a simple rule here, a rule of legislation, a rule of business, a rule of life: beyond a certain point, complexity is fraud. You can apply that rule to left-wing social programs, but you can also apply that rule to credit derivatives, hedge funds, all the rest of it." — P.J. O’ Rourke, Research Fellow, Satirist, Journalist
Innovative keynotes delivered by the industry's true heavyweights, covering practical challenges and subjects which are exclusively entailed in our agenda. Gain subject matter expertise, network, and collaborate to explore solutions that shed light on future business models impacting revenue inflows.
Futurista Start-up Elevate is a dedicated platform for Startups and VCs. We offer industry-specific startups a showcasing opportunity, enabling them to connect with corresponding VCs and Mentors. A win-win dynamic is created to attain the desired exposure for startups who are looking forward to scaling up their businesses.
A smart application will help you connect with key decision makers, share files, brainstorm ideas, and have a seamless networking experience. A comprehensive module covering the entire event, compiled for training purposes, to be made available post-conference, exclusively for the attendees.
CXO, VP, Director, Head, Manager & Specialist of:
Ad fraud
Identity Theft
Money Fraud
Payment Fraud
Payroll Fraud
Phishing
Pretexting
Return Fraud
Smishing
Vishing
Financial Services
Banking
Insurance
Retail
Manufacturing
Lending
E-Commerce
Healthcare
Public Sector
Pharmaceutical
Energy & Power
Automobile
Government/Public Sector
A premium networking experience with a pristine venue, smart applications, and fine dining services, enabling our delegates to make the most out of their time in a business class environment.
Filtered invitations for the selected key decision makers representing the world's largest organizations across industries, academia, and government organizations, making the conference apt and productive in all aspects.
Provision of a platform to innovative start-ups, leading solution providers, and cutting-edge product developers.
Customized packages designed for the right id of exposure, for the right kind of audience.
Most creative people in business: leaders who are shaping the Future of business in creative ways.
World changing ideas: Products, concepts and policies that are perusing innovation for good.
Innovation by design: the best products, services, interfaces and design ideas in business.
Most innovative companies: The top companies in technology, media, finance and more.
Futurista Startup Elevate is a platform that transforms big-ideas into reality! The FOFMB2024 22nd May, 2024 will fuel start-ups to take themselves to the top by providing access to VC's, Mentors, and Potential Clientele from the corresponding industries. The perks include Product Showcasing, Speaking Slots, and Campaigns running among our thoroughly researched pack of delegates.
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