15 commercial fraud detection tools (Overview)
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Here are fifteen fraud detection tools that can be integrated into software solutions, along with a brief explanation of the types of fraud they are designed to prevent and how they work:
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ThreatMetrix: Prevents account takeover, identity theft, and payment fraud by analyzing device attributes, geolocation, and behavioral patterns to create a unique digital identity for each user.
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Sift: Detects and prevents payment fraud, account takeover, and content abuse by analyzing user behavior and device information in real-time using machine learning algorithms.
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Kount: Protects against payment fraud, account takeover, and identity theft by analyzing device fingerprinting, geolocation, and user behavior to assess risk levels.
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Ravelin: Prevents payment fraud, account takeover, and promotion abuse by using machine learning to analyze user behavior, device information, and network data.
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Iovation: Detects and prevents account takeover, identity theft, and payment fraud by creating a unique device fingerprint and analyzing user behavior across multiple industries.
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Emailage: Prevents account takeover and identity theft by assessing the risk associated with an email address using data points like domain age, social media presence, and dark web exposure.
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Feedzai: Detects payment fraud, money laundering, and account takeover by using machine learning algorithms to analyze user behavior and transaction data in real-time.
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DataVisor: Prevents application fraud, account takeover, and spam/abuse by using unsupervised machine learning to detect anomalies and hidden connections between accounts.
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Simility: Detects payment fraud, account takeover, and identity theft by analyzing user behavior, device fingerprints, and contextual data using adaptive machine learning.
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Forter: Prevents payment fraud, account takeover, and policy abuse by using machine learning to analyze user behavior and device data in real-time.
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Riskified: Detects and prevents e-commerce fraud, including chargebacks and account takeover, by analyzing user behavior, device information, and transaction data using machine learning.
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Signifyd: Protects against payment fraud, account takeover, and policy abuse in e-commerce by providing a financial guarantee backed by machine learning risk assessment.
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Guardian Analytics: Prevents banking fraud, including account takeover and unauthorized transactions, by analyzing user behavior and transaction patterns using machine learning.
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BehavioSec: Detects and prevents account takeover and identity theft by analyzing user behavior and keystroke dynamics to create a unique biometric profile for each user.
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Arkose Labs: Prevents bot attacks, account takeover, and fake account creation by using a combination of challenge-response mechanisms and risk-based authentication.