Capterra Glossary
Enterprise Fraud Management (EFM)
Enterprise fraud management consists of tools designed to detect unauthorized use. It does this by deploying various algorithms and security measures that can ensure only authorized users access the software and its critical components. It also requires that staff understand when a transaction may be fraudulent. EFM checks users, database access, and more. It can be used to determine unauthorized access by individuals or attempts to hack a computer network. Cybersecurity is one of the most significant long-term issues facing the business community, making EFM highly relevant.
What Small and Midsize Businesses Need to Know About Enterprise Fraud Management (EFM)
Small businesses unquestionably need broad security protection on their computer networks. There are many applications of EFM for small businesses, including automated software and the appropriate training of staff.
Related Terms
- Compound Annual Growth Rate (CAGR)
- Financial Planning and Analysis (FP&A)
- Selling General and Administrative (SG&A) Expenses
- Hedge Fund
- Gateway
- Record to Report (R2R)
- ROIT (Return on Information Technology)
- Chief Revenue Officer (CRO)
- SAC (Subscriber Acquisition Cost)
- ROE (Return on Equity)
- Tokenization
- Net Present Value
- Fintech
- Financial Management System (FMS)
- Business Capability Modeling