ECOMMERCE FRAUDULENT TRANSACTIONS EXPECTED TO HIT $16.6 BILLION BY 2020*
As more consumers are turning to the Internet to take advantage of the convenience of online shopping, banking, on-demand services and recreational activities, online and mobile app companies need to take action now to prevent fraud.
Transaction Fraud Types Include
Credit Card Chargebacks
Man-in-the-Middle or Man-in-the-Browser Attacks
Shipping & Payment Fraud
Fraudsters engage in account takeover, create fake accounts, launch botnet attacks and use other deceptive methods to commit transaction-based cybercrimes that result in high fraud costs for businesses and their users.
When businesses know who their customers are, they are able to prevent fraudsters from entering their eco-system. Using number intelligence at account registration helps block fake accounts by identifying potentially harmful users. To protect legitimate accounts, 2FA notifications can be triggered to approve, challenge or deny transaction activity.
Confirm User Identities & Activity Through
Fraud risk scoring
PIN code challenges
TeleSign’s intelligence and 2FA APIs SDKs work together to provide a fraud prevention solution based on authenticating the identities and activities of users.