Merger creates fraud protection company

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Customer Fraud Solutions, a fraud and risk management company, has converged with MoData to create MoData Digital Services (MDS).

MoData Digital Services offers customer-friendly protection against fraud and other security threats — a necessity during a period where digital adoption is on the rise, as more companies are at risk of fraud.

As digital adoption grows, so does the risk of cyber fraud and security breaches. During the Covid-19 pandemic, more and more companies and organisations began conducting business digitally. This growth is expected to continue well after the pandemic. Unfortunately, this growth comes with risks.

Many companies are unsure of how to protect themselves against fraud. Many digital fraud solutions are inconvenient and not user-friendly, which can discourage potential customers from making a purchase or interacting with certain companies.

Customer Fraud Solutions advises its clients to adopt and implement a layered and risk-based approach to total fraud and compliance protection across their “Customer Journey 360”, starting with Strong Digital Identity and Customer Authentication capability.

In order to meet the growing demand for comprehensive protection, Customer Fraud Solutions and MoData have created a Software as a Service (SaaS) model, MoData Digital Services (MDS). MDS mitigates the most concerning fraud and cyber security risks without compromising a user-friendly customer experience. This enables companies to prioritise security while ensuring that customers are not inconvenienced.

Sourced from: IT-Online. View the original article.


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