In the rapidly evolving world of digital threats and defenses, it’s easy to conflate fraud intelligence with standard cyber intelligence. At a cursory glance, both involve the digital realm, are concerned with breaches, and aim to mitigate risks. However, a deeper dive reveals crucial distinctions.

The Human Element of Fraud

Fraud intelligence primarily focuses on the methodologies employed by humans to defraud individuals or organizations. While Cyber intelligence covers the broader range of software vulnerabilities, malicious SDKs, or system weaknesses, fraud intelligence zeros in tactics, techniques, and procedures (TTPs) that malicious actors use to exploit systems and humans.. It’s a game of deception, trickery, and social engineering.

Speed of Evolution

In counter threat intelligence, we look at the attacker, victim, infrastructure and capability. For fraud intelligence infrastructure is off the shelf, there’s a low barrier to entry for new attackers, the target is often the financial sector where the first step of account take over is profitable, and capabilities are often bought, sold or shared. Since new fraud techniques are often less labor intensive to develop, actors are more willing to share or resell their methods. There is less downside to “burning” their attack vector and they are more likely to take cash in hand and come up with a new tactic. This results in methods spreading quickly in a way analogous to social media trends. Where a new method may quickly catch on and be spread across communities. For fraud intelligence teams this means there is always a new method, but it also means catching early signs of the new trending tactic can enable more efficient takedowns and defenses.

Overwatch’s Innovative Approach to Fraud Intelligence

In navigating this intricate maze of fraud risks, companies need a partner who not only understands the cyber landscape but also the intricacies of human-driven threats. This is where Overwatch stands out.

Leveraging an AI-driven fraud intelligence platform, Overwatch dives deep into a myriad of data sources. From the shadowy corners of the deep web to the bustling activity of the surface and social web, Overwatch’s system is constantly on the prowl.

But what truly sets Overwatch apart is its ability to categorize these threats meticulously. It’s not just about knowing a threat exists; it’s about understanding its nature. For instance, distinguishing between “methods targeting you” and “offers for stolen accounts” can be the difference between proactive defense and crisis management.

Moreover, Overwatch's in-house investigation capabilities offer an added layer of scrutiny. With this dual approach, companies can stay updated on the latest methodologies being peddled by fraudsters, ensuring they remain a step ahead.

The Takeaway

While both fraud intelligence and cyber intelligence aim to safeguard the digital domain, their methods, focuses, and applications differ vastly. In today’s age, where deception evolves as rapidly as technology, it’s crucial for companies to not just respond, but to anticipate. With partners like Overwatch, businesses can turn intelligence into action, ensuring a safer, more secure digital future.