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Fraud detection system uses behavioural analysis to block scams

Sophisticated technology used by bank stops fraud in real time.

The bank's fraud director Paul Davis said its system had prevented a customer being scammed in real time

The bank's fraud director Paul Davis said its system had prevented a customer being scammed in real time

Date - 24th September 2019
By - Ceysun Dixon
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Lloyds Bank claims its anti-fraud system called “the Rat”, has prevented 2,100 customers falling victim to online scams since going live in late 2018. The technology works in real time by analysing signs of unusual behaviour when...
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