Consumers who have used a credit card for a legitimate purchase only to have the sale rejected may be encountering a problem that costs enterprises billions of dollars a year: cybersecurity technology that is designed for fraud detection often ends up generating false positives, incorrectly sending out an alert that a transaction is suspicious.
To combat this problem, US-based consumer credit reporting agency TransUnion has launched TruValidate Device Risk with Behavioral Analytics, designed to reduce fraud while also eliminating false positives in financial transactions.
