Reap Launches Sentry to Combat Evolving Card Fraud Threats

• •Reap launched Sentry to enhance card fraud defenses amid evolving threats.
• •78% of fraud professionals report their teams are too slow to counteract agile attackers.
• •Sentry combines technology with specialist operational functions for tailored fraud management.

Reap has introduced a managed card fraud and risk service called Sentry to help payment providers combat increasingly sophisticated fraud tactics. The service aims to address challenges in real-time detection and minimize false positives that disrupt legitimate transactions. The payment fraud landscape has evolved, with coordinated attacks combining social engineering, malware, and automated bot activity. Research indicates that 78% of fraud professionals feel their teams are too slow to respond to agile attackers, highlighting the need for continuous operational functions rather than standalone tools. Sentry is designed to tailor fraud controls to the unique requirements of each card program, enhancing resilience against threats like BIN attacks and merchant breaches. The urgency for effective fraud management is underscored by the rising complexity of attacks and the need for immediate identification and containment of fraudulent activities.