Fraud Management System

A Fraud Management System is a set of tools and processes designed to detect, prevent, and respond to suspicious activities that could indicate fraud. It monitors transactions and user behaviors in real-time, using patterns and rules to identify anomalies. When potential fraud is detected, the system alerts security teams or automatically blocks the activity, helping organizations protect assets, maintain trust, and comply with regulations. Essentially, it acts as a vigilant safeguard against dishonest actions that could harm the business or its customers.