NetGuardians: Selected by LUKB to strengthen fraud protection
- NetGuardians announced it has been selected by Luzerner Kantonalbank AG to further enhance its fraud-prevention systems
- LUKB is implementing AI-based fraud-mitigation software as part of its defenses against payment fraud
- The software builds up accurate profiles of a bank’s customers, allowing it to spot suspicious transactions
- This means fewer calls to customers to verify the payment, helping to cut costs and enhance the customer experience
- The software is highly effective at spotting and stopping fraudulent payments that result from increasingly prevalent scams
- The solution has an excellent proven ability to accurately spot fraudulent payments and can process very high volumes in real-time
