Benefits of Microsoft 365 Copilot for Fraud Analysts

Improving cybersecurity should be a priority for any business that handles sensitive data. Fraud is on the rise as the technology used in these types of attacks is more advanced than ever. Luckily, many businesses are leveraging Microsoft Copilot for fraud analysis. This article will cover how Copilot can assist fraud analysts in their work and the role of Copilot in fraud detection and prevention.

Benefits of Using Copilot for Fraud Detection and Analysis

Being able to quickly and accurately identify fraud is a vital part of several industries, especially banking and retail. Fraud has been proven to damage not only customers but businesses as well.

Of course, being overly cautious can cause issues for customers who have to deal with false positives that put a hard stop to legitimate transactions.

Using Copilot AI, dynamic analysis can be used to constantly evolve to combat threats of fraud in real time. This can help protect customers and businesses against threats that utilize automated scripting for various types of fraud.

Copilot AI can use algorithms to monitor incoming data to detect and prevent different types of fraud attacks before they have a chance to damage businesses or users. Using historical data, Copilot can adjust rules in real-time to detect threats that it may have not seen before.

This is an advance in fraud technology that standard fraud detection is not capable of. Dynamic AI like Copilot can also reduce the number of false positives that prevent legitimate users from accessing their accounts.

There are many different types of fraud attacks that Copilot can be used to prevent, each with their unique approach. Some of these common fraud attacks and how Copilot can be used to prevent them will be covered in the next sections.

Using Microsoft 365 Copilot for Card Fraud Detection

In most cases, card fraud is carried out by bots coded to brute force attack payment gateways. This type of card fraud is one of the most common and can be extremely damaging to both customers and businesses.

Using Copilot AI, this type of fraud can be more easily detected by using machine learning to more accurately distinguish between bots and people. Coupling this approach with CAPTCHA technology can help significantly reduce the amount of card fraud across the globe.

Using Microsoft 365 Copilot for Fake Account Detection and Prevention

Fake account creation is another common form of fraud that can cause damage to customers and businesses. Fake accounts can cause issues with analytics, false information, and even malware distribution.

Combating false account creation can be a difficult task to approach without introducing too much friction for legitimate users trying to create an account. With Microsoft 365 Copilot, bots and fake accounts can be tracked more accurately without impacting the account creation process for legitimate users.

Using Microsoft 365 Copilot for Account Takeover Prevention

Closely related to fake account creation, account takeovers are another type of automated threat that can compromise user accounts. These types of attacks can damage a company’s reputation as well as put user’s data at risk.

Account takeover attacks are not always detectable immediately, making them even more dangerous for users and businesses. Copilot AI can help trace the signs of an account takeover in ways that minimize the effects on legitimate users.

Using Microsoft 365 Copilot for Credential Stuffing Prevention

Credential stuffing is another common automated threat that uses bots to input usernames and passwords to break into a user’s account. Using information-sourced data breaches and the fact that many users reuse passwords across multiple accounts, these attacks have a much higher chance of being successful.

These types of attacks can crash login pages and put user and business data at risk. Microsoft 365 Copilot can be used to track changes in website traffic and determine if there are more login failures than usual. This can help detect these attacks so they can be stopped quickly before they can breach unauthorized accounts.

Apps4Rent Can Help Set Up and Configure Copilot Quickly

Data security is one of the most vital parts of any business. With the evolving technology at their disposal, it is easier than ever for hackers and fraudsters to obtain access to accounts, user data, and other unauthorized information. Luckily, Copilot AI is evolving just as quickly as a means to combat these types of fraud and can be used to detect and prevent them.

As a Microsoft Solutions Partner, Apps4Rent can provide Copilot for Microsoft 365 licenses and technical support. This includes Copilot configuration and initial setup. We can also assist 24/7 with other Microsoft products to ensure seamless integration with the Copilot software and the most popular 365 applications.

Don’t hesitate to contact our Microsoft-certified experts with questions via phone, chat, or email. Our team is available 24/7 every day to assist with Microsoft applications.