February 03, 2017
Luke Reynolds shares his thoughts for The Paypers' 2017 Predictions
Luke Reynolds offers up his know-how to The Paypers' Fraud prevention - challenges and opportunties 2017 predictions.
"It’s time to embrace machine learning to identify new fraud attacks as they occur while protecting your customers and revenue"
Luke, Fraud Director at Featurespace, comments on the growing problems in the payments industry. Social Engineering attacks are particularly problematic, as spotting them is very difficult - it is usually the genuine customer being manipulated by criminals impersonating bank staff. He points out that machine learning technologies are the way forward for these types of fraud, as well as others like Authorisation Stream attacks, as machine learning enable organisations to understand behaviour across their customer base.
Learn more about how machine learning can prevent Social Engineering attacks.