When you look at the lifecycle of fraud - from obtaining stolen data, to launching attacks, to cashing out - it often involves collaboration across a criminal network, sharing data, skills or toolkits. The Dark Web provides fraudsters with the platform to find their accomplices. This is exactly what needs to be done at merchant's end- collaboration in real time.
They need to create a consortium to share data with each other to make it harder for the fraudster to increase the breadth and depth of their attacks.
Parul Sharma is a Sr. Director at Lexis Nexis Risk Solutions, and she will share insights on how to take a network approach to fraud prevention, in order to eliminate fraud and reduce friction.