Fraud detection tools

Fraud detection tools are technologies that help identify suspicious or unauthorized activities, particularly in banking, online transactions, and insurance. They analyze patterns and behaviors—like unusual spending or login locations—to flag potential fraud. Using algorithms and data analysis, these tools can detect anomalies quickly, allowing organizations to investigate and prevent financial losses or identity theft. Essentially, they serve as an automated safeguard, monitoring transactions continuously and alerting administrators to suspicious activity to maintain security and trust.