Final answer:
Automated fraud detection is a tool offered by most banks to identify and prevent fraudulent activities on customer accounts.
Step-by-step explanation:
Automated fraud detection is a tool offered by most banks to identify and prevent fraudulent activities on customer accounts. It uses advanced algorithms and machine learning techniques to analyze patterns, transactions, and user behavior to detect potential fraudulent activities.
For example, if you often use your debit card for local transactions, but suddenly a large transaction is made from a different country, the automated fraud detection tool will flag it as a suspicious activity and notify you or the bank.
To ensure the security of your accounts, always follow the bank's recommended security practices and report any suspicious activities immediately.