Fraud Detection Optimization Techniques for Mainframe Enterprise IT


From the perspective of a large business that relies on large-scale business transaction processing, fraud is a risk that is present within all of its business processes. But most of all, fraud is illegal, and the victims lose money. For private individuals it can mean the difference between financial security and personal bankruptcy; for large corporations, it can mean the difference between profitability and underperformance, or even bankruptcy, if taken to the extreme.

There are two important aspects of fraud: it increases in volume (especially when the economy declines), and it adapts. As soon as one variety of fraud is checked, new and creative varieties appear; businesses continually have to adapt to new forms of fraud.