3 Credit Card Fraud Detection Business Success Stories [2024]

Pat Walls

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Updated: January 18th, 2023

Start A Credit Card Fraud Detection Business

Cyber security has become a crucial part of our life as we move towards using digital technologies in different industries. When we talk of cyber security, the main challenge is finding abnormal activities like credit card fraud.

Detectives and financial institutions need systems that ensure faster detection, higher accuracy, and improved efficiency with more extensive data to tackle the problem.

Fortunately, advanced technologies like machine learning and AI-based apps make tracking patterns and preventing abnormal transactions easier by analyzing attributes like locations, IP addresses, and accounts to create rules that systems follow.

If you have programming skills and can use machine learning & artificial intelligence to create fraud detection tools, that can be a great business opportunity.

Here are some real life success stories of starting a credit card fraud detection business:

1. FraudLabs Pro

FraudLabs Pro provides sophisticated fraud detection solution helping merchants to prevent payment fraud and minimize chargeback & losses.

Where they're located: Guarantã do Norte, Mato Grosso, Brazil

2. Subuno

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Starting A Credit Card Fraud Detection Business: Everything You Need To Know

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