How to prevent fraud in online transactions?

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Utilizing advanced fraud detection tools is critical and it is also important to take into consideration technologies that would help you spot fraudulent activities in online transactions easily. You can gain enough experience on machine learning algorithms, artificial intelligence and also have enough experience on behavioral analytics in order to detect fraud patterns and anomalies.

Implementing a multi factor authentication MFA for online transaction is also very important because this will help you to verify the identity of customers and also help you to prevent unauthorized access to accounts or any other kind of information that is very sensitive for online payment.
 
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