Five keys to using multiple fraud scoring models

Matt Cox oversees fraud solutions for Europe, the Middle East and Africa at analytics software firm FICO. He blogs at www.fico.com/blog.

When designing a strategy for detecting and preventing fraud, everyone always comes to the same conclusion, writes Matt Cox of FICO – there is no silver bullet. There are simply too many variables, and too much ongoing change in technology, customer behaviour and fraud methods for any one solution to work effectively and sustainably for every organisation, no matter how sophisticated.