Data Security and Fraud Analytics — Applications of RTOpensquare
Anomaly Detection for Companies
As security threats increase, so does the cost of a data breach scope of recovery efforts. Recent IBM Security research opined that the average cost of a data breach is $4.24 million, approximately 10% higher than it was before the Covid-19 pandemic.
Bank fraud incidents in recent times seems to be a pervasive phenomenon. So far, no one doubts the enormous effect and consequences that it poses to the stability of the larger economy.
This is a comprehensive analysis from Reispar Technologies showing some depths on data security and impact in businesses. You will discover the correlation between payment platforms and increase in fraud.
Over the years, there is an increase in the total number of fraud cases in Nigeria with a peak of 52,754 fraud cases in 2019……Continue reading this report here by subscribing to RTOpensquare for businesses for free.
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Credit: Reispar Data Team
This post originally appeared in our blog
