Capterra Glossary
Fraud Detection
Fraud detection is a series of processes that protect business and customer information from unauthorized financial activity. It safeguards a company's accounts, transactions, and assets by analyzing the activities of people who use company computers, a business website, and other entities (such as kiosks). Fraud detection examines people's behavioral patterns when accessing information from or within a company, and also identifies characteristics commonly associated with fraudulent activities.
What Small and Midsize Businesses Need to Know About Fraud Detection
Small organizations might not financially recover after fraudulent activity, so fraud detection provides them with a safeguard. It protects a small organization's assets and data as it grows its business.
Related Terms
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- 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
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- Fintech
- Financial Management System (FMS)
- Business Capability Modeling