LOS
ANGELES, Aug. 11, 2024 /PRNewswire/ --
Resecurity (USA), a global
leader in cybersecurity and risk management solutions protecting
major Fortune 500 companies and government agencies worldwide,
unveiled its advanced AI-driven Fraud Prevention
Platform. This versatile solution is engineered to combat
fraud across banking, virtual asset service providers
(VASPs), gambling, e-commerce, and online
marketplaces, providing a robust defense against the evolving
landscape of digital fraud. The platform was
successfully introduced at Black Hat USA 2024 in Las
Vegas, along with the CONTEXT AI framework by
Resecurity.
In the digital era, the frequency of online transactions has
increased in times, alongside the sophistication of
fraud tactics, tools and procedures (TTPs).
Resecurity's AI-driven Fraud Prevention Platform
leverages state-of-the-art data science and machine learning (ML)
to offer comprehensive, preemptive protection and close to
real-time detection across various digital platforms.
The platform is powered by actionable Big Data providing unique
risk intelligence insights on the latest fraud
indicators, money mules, politically exposed person (PEPs),
merchants involved in illegal activity, enabling financial crime
investigators, fraud prevention and compliance teams
to perform enhanced KYC screening and conduct deep dive
investigations.
Diverse Applications for Comprehensive Fraud
Prevention:
- Protecting Banks' Customers: The platform delivers
tailored fraud detection and prevention mechanisms for
the banking sector. By continuously analyzing transaction patterns
and customer behaviors, it identifies anomalies and potential
fraud attempts in real-time, enabling banks to swiftly
protect their customers' assets.
- Safeguarding E-commerce and Payment
Systems: E-commerce platforms and payment systems, often
targeted by fraudsters, benefit from Resecurity's seamless
integration. The platform utilizes advanced AI algorithms to
monitor transactions and user activities, detecting fraudulent
actions such as account takeovers, payment fraud, and
identity theft, thereby maintaining trust and security for
e-commerce businesses.
- Detecting Fraud on
Marketplaces: Marketplaces, with their high volume of
daily transactions, require vigilant fraud monitoring.
The AI-driven Fraud Prevention Platform equips
marketplaces with the necessary tools to identify and mitigate
fraud effectively. By analyzing extensive data in
real-time, the platform spots fraudulent listings, fake reviews,
and unauthorized transactions, preserving marketplace integrity and
protecting both buyers and sellers.
- Accelerate Compliance for Fintech: Stay compliant with
the latest regulatory requirements by leveraging comprehensive
fraud prevention controls and specialized advisory
services.
Key Features of Resecurity's AI-driven Fraud
Prevention Platform:
- Anti Money Laundering (AML): Detection of actors who may
misuse financial services, such as banks, e-commerce platforms, and
payment networks, to engage in illegal activities, including money
laundering and terrorism financing. Resecurity is sharing
actionable risk intelligence to facilitate the identification of
high-risk individuals and accelerate anti-money laundering controls
for compliance purposes.
- Real-time Fraud Detection: Utilize
cutting-edge AI and graph-based analysis to identify fraudulent
activities quickly and accurately.
- Cross-Platform Behavioral & Environmental
Metrics: Analyze geolocation with high accuracy, behavior,
network, software environment, time-based and device-specific data
from customers, enhancing fraud detection across web
and mobile interfaces.
- Bot Detection and Behavioral Analysis: Analyze
device requests and user behavior to predict and prevent
fraud attempts, ensuring authenticity and
security.
- Preemptive Fraud
Intelligence: Leveraging AI and machine learning, the
platform offers preemptive insights to stop fraud
before it can impact operations based on ongoing financial crime
intelligence collection (compromised payment data, activity of
threat actors).
- Superior Device Fingerprinting: Uses proprietary
technology to distinguish legitimate users from potential threats,
including infected and spoofed devices.
- Platform-Agnostic Mobile SDK: Employs Web Snippet and
Mobile SDK for Google Android and Apple iOS to ensure seamless
integration across a wide range of digital platforms, enhancing
adaptability and coverage.
The platform has been successfully implemented in leading
financial institutions, lending providers, insurance organizations,
and marketplaces, enabling them to save millions of dollars in
potential losses.
About Resecurity
Resecurity® is a cybersecurity company that delivers a unified
endpoint protection, fraud prevention, risk
management, and cyber threat intelligence platform. Known for
providing best-of-breed data-driven intelligence solutions,
Resecurity's services and platforms focus on early-warning
identification of data breaches and comprehensive protection
against cybersecurity risks. Founded in 2016, it has been globally
recognized as one of the world's most innovative cybersecurity
companies with the sole mission of enabling organizations to combat
cyber threats regardless of how sophisticated they are. Most
recently, Resecurity was named one of the Top 10 fastest-growing
private cybersecurity companies in Los
Angeles, California, by Inc. Magazine. An Official Partner
of the Cybercrime Atlas by the World Economic Forum (WEF), Member
of InfraGard National Members Alliance (INMA), AFCEA, NDIA, SIA,
FS-ISAC and the American Chamber of Commerce in Saudi Arabia (AmChamKSA), Singapore (AmChamSG), Korea (AmChamKorea),
Mexico (AmChamMX), Thailand (AmChamThailand), and UAE
(AmChamDubai). To learn more about Resecurity, visit
https://resecurity.com.
For more information about Resecurity's AI-driven
Fraud Prevention Platform, visit
https://www.resecurity.com/fraud-prevention.
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SOURCE Resecurity Inc.