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Credit Card Fraud Detection and Prevention: Lessons on Credit Card Skimming, e-Commerce Scams, and Theft Investigations - Webinar

  • ID: 4278102
  • Webinar
  • June 2017
  • Region: Global
  • 60 Minutes
  • Online Compliance Panel
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Due to fast growth of E-Commerce, use of credit cards for online purchases has dramatically increased and it caused an increase in the credit card fraud. As credit card has become the most popular mode of payment for online and regular purchase, frauds associated with it are rising. In real life, fraudulent transactions are scattered with real transactions and simple pattern matching techniques are not often sufficient to detect those frauds accurately. Implementation of recent fraud detection systems has thus become imperative for all credit card issuing banks to minimize their losses. Many techniques based on Artificial Intelligence, Data mining, Fuzzy logic, Sequence Alignment, Genetic Programming, Machine learning has evolved in detecting various credit card fraudulent transactions.

During the webinar we will highlight the different ways an organization can manage a credit card program to detect fraud in a timely manner and prevent fraud from occurring.

Objectives of the Presentation:

- Definitions of common fraudulent schemes
- Market overview of fraud losses and recent trends
- Review of existing and emerging risk management technologies
- Fraud prevention and the user experience
- Best practices in preventing fraud
- Building a better fraud management department

Why Should you Attend?

Credit card fraud impacts the entire lifecycle of an accountholder. Fraud losses are a major expense for issuers and fraud increases both reputational and fiscal risk. New technologies are emerging that can augment existing rules based systems.

Areas Covered:

- Deputizing the cardholder - card controls and notifications
- Enhanced data analysis and emerging machine learning strategies
- Identifying and managing friendly fraud
- Multi-factor authentication
- Fraud trends and industry reactions
- Regulatory oversight and liabilities
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  • Patricia Hewitt Patricia Hewitt,


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  • Financial Officers
  • Risk Officers
  • Internal Auditors
  • Operational Risk Managers
  • Credit Card Program Administrators
  • Credit Card Product Developers
  • Fraud and Risk Managers
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