An account takeover solution that stops sophisticated fraudsters from masquerading as trusted users
Account takeover fraud is difficult to detect because cunning fraudsters have methods that trick merchants into believing they’re interacting with trusted users. However, machine learning software unmasks even the slyest of fraudsters.
Account takeover fraud (ATO) happens when a fraudulent entity uses hacking, phishing or other methods to gain access to a legitimate account and uses the account holder’s registered payment information or other privileges connected to the account to gain access to goods.
Because the fraudsters’ behavior often mirrors the behavior of the rightful owners — and is sometimes even interspersed with honest transactions made by the legitimate owners — it is extremely difficult for merchants to recognize the fraudulent activity and purchases until it’s too late. However, RISK IDENT’s advanced machine-learning fraud prevention software is able to see through account takeover charades, reducing false positives and protecting genuine customers in real time.
HOW WE DO IT
ACCOUNT TAKEOVER BY THE NUMBERS
Account takeovers now represent about 20% of fraud
The shopping cart total of ATO transactions is on average three times higher than other fraudulent transactions
RISK IDENT offers a collection of highly developed fraud prevention software products, all of which are easy to integrate. The software applies algorithms and machine learning on different data feeds to identify fraud risks on a variety of devices.
FRIDA is an intelligent all-in-one solution that analyzes transactions using data analytics and machine-learning. It will continuously adapt to changing fraud patterns and is especially skilled in filtering out hard-to-detect account takeovers so your legitimate customers are protected and your false positives are reduced.
DEVICE IDENT identifies customers’ devices through their unique characteristics and analyzes them independently of their personal data. Using intelligent rule systems, DEVICE IDENT ensures that fraud correlations can be identified consistently. Push email and API access allows for the individual assessment of the device information in real time.
DEVICE IDENT is able to match all device data against its global pool. If a device is at any point marked as being part of a fraudulent transaction, all clients can take immediate action. Integrating DEVICE IDENT into relevant pages on your website is a quick and simple process. Businesses can also choose to integrate our DEVICE INTELLIGENCE for fraud protection within native mobile apps.
EVE is a flexible software platform that applies selected machine learning algorithms to evaluate different input streams for a real-time risk assessment — as a SaaS or on-premises solution.
ABOUT RISK IDENT
RISK IDENT is an anti-fraud software development company based in the US and Europe that protects companies within the ecommerce, telecommunication and financial sectors.
Our machine-learning software uses sophisticated data analytics to block payment fraud and account takeovers, all with human-friendly alerts that simplify a fraud prevention team’s decision-making process.
WE’D LOVE TO HEAR FROM YOU
If you’d like additional information about RISK IDENT and how we can help your company minimize fraudulent transactions, please feel free to contact us. Together, we can put a stop to fraud.