The business world is changing every day with many facets of business in a state of flux. The network security facet of business is no different with many plates to keep spinning so they don’t fall off of their poles. Network Fraud is one of those spinning plates with thousands of Euros being lost every day due to Fraud. Network Fraud prevention is a growing sector of network security with so much at stake financially.
The scope of fraud prevention is wide-ranging with network data volumes that have to be collected and analyzed. Big Data and Analytics are two major cogs in the network security wheel when fraud prevention is concerned. Real-Time responses to these data reads are vitally important to your network security.
Using a cloud-based model helps greatly in all of these factors by utilizing the cloud for faster response times and the ability to read data at a very fast rate. The stability of a cloud-based model also helps customer satisfaction and improved efficiency. Revenue losses due to fraudulent activities are reduced by 10-20% by using this cloud-based model. With improved efficiency, reduced fraud, and better customer retention, using a cloud-based model is the way to go for your network security needs.