Fraud Detection

Fraud detection refers to the process of identifying and preventing fraudulent activities or transactions. It involves the use of advanced technologies, algorithms, and data analysis techniques to detect patterns, anomalies, or suspicious behavior that may indicate fraudulent activity. Fraud detection systems are commonly used in various industries, such as banking, insurance, e-commerce, and healthcare, to safeguard against financial losses and protect customers from fraudulent schemes. These systems help organizations identify and investigate potential fraud cases, enabling them to take appropriate actions to mitigate risks and maintain trust and security.