Ever since the worldwide crisis in finance and economy, risk management has advanced to be one of the key areas of a bank. The development of virtual markets has lead to increased and ever changing fraud attacks directing more and more attention towards management of fraud.

Fraud Management in the electronic payment area whether it is related to debit or credit cards, or online banking is often still in the early stages of development. In the past, those tasks were frequently outsourced and assigned to external data centres or processors. But this situation has changed recently, which now moves more attention to fraud management.

The key to effective fraud management is availability and access to a comprehensive, transparent and up-to-date data basis. Such information allows realistic risk assessment, identification and evaluation of current fraud trends in addition to a better control of service providers that will continuously play an important role within small and medium sized banks.