Working To Fight Fraud - InformationWeek

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Working To Fight Fraud

Bits, a technology and strategy group whose members are the 100 largest U.S. financial institutions, is working to establish cross-industry practices to anticipate how criminals will use technologies. The plan involves working with vendors to help them include fraud-prevention technologies in products, sharing strategies to limit Internet fraud, building databases to determine validity of transactions, and standardizing fraud tracking and reporting.

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