LEVERAGING DIGITAL TECHNOLOGIES TO COMBAT FINANCIAL FRAUD
Gadaev Ismat Yadgarovich
Head Specialist of the Department for Coordination of Security of Branches and Affiliates, National Bank of Uzbekistan
Abstract
In an era where financial transactions are increasingly conducted online and across digital platforms, the specter of financial fraud looms large, posing a significant threat to individuals, businesses, and financial institutions alike. From credit card fraud and identity theft to money laundering and cyberattacks, the landscape of financial fraud is evolving rapidly, fueled by advancements in technology and the proliferation of digital channels.
Amidst this backdrop, the imperative to combat financial fraud has never been more pressing. However, alongside the challenges posed by increasingly sophisticated fraud schemes lies a wealth of opportunities to harness digital technologies in the fight against fraud. From advanced data analytics and biometric authentication to blockchain technology and real-time transaction monitoring, digital innovations offer powerful tools and capabilities to detect, prevent, and mitigate fraud risks in the digital age.
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International Journal of Asian Economic Light (JAEL)
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Published on : 2024-05-08
Vol | : | 12 |
Issue | : | 3 |
Month | : | May |
Year | : | 2024 |