Phishing and Account Take Overs
The ProblemFinancial firms, ranging from small institutions to big banks, are working hard to find the right balance between providing convenience to their customers while simultaneous protecting them from highly sophisticated cyber crime. Customers take for granted that their banks will take all necessary measures to keep their online experience safe.
The typical financial firms reaction includes:Populate fraud prevention teams - labor inefficient Increase of call center and similar services - labor inefficient
Market exposure limitation - killing growth
Hard-coded rules - punishing good customers
Fraudpointer can assist financial firms in keeping account information and personal data safe while reducing costs and increasing the opportunity for top-line growth
How it works?Unlike first generation anti-fraud services that rely on personally identifiable information (PII), Fraudpointer offers a three dimensional approach:
A sophisticated rules engine: Expose fraudsters by spotting specific characteristics in their behavior. Use our predefined industry specific templates or create a new one based on your experience and achieve a quick win on identifying real-time with precision high risk transactions without harassing your good customers.
Device identification technology: Our technology assigns a unique fingerprint to each device (computer or mobile) visiting your website. Going beyond personally identifiable information, ip address, proxies or bank identification number, you can connect a series of events/transactions to a specific device and protect your business from multiple attacks where cyber criminals appear as different customers.
A multi-million strong reputation database: Take advantage of the power of the shared history and experience from a wide network of online businesses and fraud professionals to immediately identify suspicious devices. Compare transaction anomalies, velocities and geolocation to the shared intelligence on a multi-million database of devices and their attributes.
BenefitsImmediately reduce online Phising And Account Take overs with instant and real-time assessment. Reduce manual review costs and improve assessment accuracy using a rich set of data and automation.
Take advantage of a multi-million strong, cross-industry wide reputation database and improve your intelligence.
Utilise data from your transactions to prevent account take overs and origination of new fraudulent accounts.
Quickly integrate and build on top of your existing investment in fraud management tools