What is Fraud Detection Rate?
Fraud Detection Rate is defined as: Percentage of fraudulent transactions detected before settlement. Balances security with customer experience (false positive rate).
What data source is used to measure Fraud Detection Rate?
Fraud Detection Rate is typically measured using data from a Fraud Detection System. This system of record provides the transactional and operational data required to calculate and monitor this metric accurately and in real time.
Typical Data SourceFraud Detection System
Which industries track Fraud Detection Rate?
Fraud Detection Rate is a key performance indicator used across the following sectors:
How does Firehawk Analytics measure Fraud Detection Rate?
Firehawk Analytics connects directly to your Fraud Detection System and delivers a live Fraud Detection Rate dashboard. Configuration is completed within 48 hours — no data analyst required on your team.