# Best Fraud Detection Software - Page 12

  *By [Lauren Worth](https://research.g2.com/insights/author/lauren-worth)*

   Fraud detection software, or online fraud detection software, is used to detect illegitimate and high-risk online activities. These tools continuously monitor user behavior and calculate risk figures to identify potentially fraudulent purchases, transactions, or access. Fraud detection tools are used by the IT and compliance departments of businesses and digital banking companies to monitor potential fraudulent actions made by their users. Companies adopt these tools to prevent cyberattacks, fraudulent transactions, and identity theft while protecting sensitive information about the business and its customers.

Utilizing machine learning and real-time behavior analytics, fraud detection tools can perform real-time risk classification based on device and IP reputation and other factors. There is some overlap between fraud detection solutions and [e-commerce fraud protection software](https://www.g2.com/categories/e-commerce-fraud-protection). But those tools are more geared toward enforcing regulations and analyzing purchasing behavior, rather than monitoring, detecting, and alerting incidents of fraud as they happen.

To qualify for inclusion in the Fraud Detection category, a product must:

- Detect illegitimate activities related to payments, purchases, account creation, and chargebacks
- Monitor websites, networks, and applications for fraud
- Prevent digital payment fraud
- Analyze open-source and network data to find anomalies and historical fraudulent behavior
- Provide alerts and analysis tools for administrators
- Ensure compliance with data privacy and security regulations
- Discover suspicious online activity and spot patterns of abuse
- Detect and mitigate account takeover and identity theft attacks




  
## How Many Fraud Detection Software Products Does G2 Track?
**Total Products under this Category:** 248

### Category Stats (May 2026)
- **Average Rating**: 4.57/5
- **New Reviews This Quarter**: 179
- **Buyer Segments**: Mid-Market 48% │ Small-Business 32% │ Enterprise 20%
- **Top Trending Product**: NOTO - 360 Fraud and Compliance (+0.945)
*Last updated: May 18, 2026*

  
## How Does G2 Rank Fraud Detection Software Products?

**Why You Can Trust G2's Software Rankings:**

- 30 Analysts and Data Experts
- 6,600+ Authentic Reviews
- 248+ Products
- Unbiased Rankings

G2's software rankings are built on verified user reviews, rigorous moderation, and a consistent research methodology maintained by a team of analysts and data experts. Each product is measured using the same transparent criteria, with no paid placement or vendor influence. While reviews reflect real user experiences, which can be subjective, they offer valuable insight into how software performs in the hands of professionals. Together, these inputs power the G2 Score, a standardized way to compare tools within every category.

  
## Which Fraud Detection Software Is Best for Your Use Case?

- **Leader:** [Sift](https://www.g2.com/products/sift-s-ai-powered-fraud-decisioning-platform-sift/reviews)
- **Highest Performer:** [CertifID](https://www.g2.com/products/certifid/reviews)
- **Easiest to Use:** [eftsure](https://www.g2.com/products/eftsure/reviews)
- **Top Trending:** [Oscilar](https://www.g2.com/products/oscilar/reviews)
- **Best Free Software:** [SEON](https://www.g2.com/products/seon/reviews)

  
---

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---

  
    ## What Is Fraud Detection Software?
  [Web Security Software](https://www.g2.com/categories/web-security)
  ## What Software Categories Are Similar to Fraud Detection Software?
    - [E-commerce Fraud Protection Software](https://www.g2.com/categories/e-commerce-fraud-protection)
    - [Anti-Money Laundering Software](https://www.g2.com/categories/anti-money-laundering)
    - [Bot Detection and Mitigation Software](https://www.g2.com/categories/bot-detection-and-mitigation)
    - [Click Fraud Software](https://www.g2.com/categories/click-fraud)
    - [Biometric Authentication Software](https://www.g2.com/categories/biometric-authentication)
    - [Identity Verification Software](https://www.g2.com/categories/identity-verification)
    - [Financial Fraud Prevention](https://www.g2.com/categories/financial-fraud-prevention)