Real-Time Dark Web Intelligence Empowers Financial Institutions, Card Issuers, and E-commerce Providers to Prevent Payment Fraud
BOSTON, Sept. 7, 2022 /PRNewswire/ — Recorded Future, the world’s largest intelligence firm, right this moment introduced the enlargement of its Intelligence Cloud with Payment Fraud Intelligence, a single supply of fact for figuring out, mitigating, and stopping cost fraud. Payment Fraud Intelligence permits these centered on cost fraud, together with monetary establishments, card issuers, and e-commerce suppliers to disrupt the complete cost fraud lifecycle by serving to to detect e-skimmer infrastructure and compromised playing cards related to malicious exercise.
Payment fraud is a multi-billion greenback business impacting retailers, cardholders, and monetary establishments, and can consequence in over $400 billion in losses globally over the following decade. Historically, the business has taken a reactive strategy, ready till fraudulent purchases happen, then making an attempt to restrict losses, leading to additional reputational damages and monetary losses. Recorded Future has unparalleled visibility into the whole cost fraud infrastructure, enabling shoppers to disrupt felony exercise by proactively detecting cost knowledge being offered on the darkish internet, discovering e-commerce websites contaminated with e-skimmers, and mapping 1000’s of the tester retailers used to validate playing cards earlier than they’re used fraudulently.
Recorded Future’s Payment Fraud Intelligence permits cost fraud groups to proactively:
- Pinpoint compromised widespread factors of buy (CPPs)
- Enhance risk-exposure fashions and decrease fraud potential
- Improve common fraud price metrics throughout a whole card portfolio
- Detect attacker infrastructure getting used to skim cost card knowledge
With Recorded Future Payment Fraud Intelligence, the Card Fraud Prevention group at Swedbank is routinely alerted when its playing cards have been compromised and posted on the market on the darkish internet, enabling them to preemptively block and change playing cards earlier than fraud can happen.
“Recorded Future integrates with fraud detection systems to improve efficacy of detection algorithms and proactively scans the dark web to find compromised cards and reveal attacker infrastructure to identify active infections and full exposure periods. Now, financial institutions can develop and implement effective mitigation strategies to counter the effect of payment card compromises and subsequent fraud attacks before attacks can occur.” – Andrei Barysevich, Vice President, Fraud Solutions, Recorded Future
Learn extra about Recorded Future Payment Fraud Intelligence: https://www.recordedfuture.com/platform/payment-fraud-intelligence
Request a demo of Recorded Future Payment Fraud Intelligence: https://go.recordedfuture.com/demo
Recorded Future is the world’s largest intelligence firm. Recorded Future’s Intelligence Cloud offers full protection throughout adversaries, infrastructure, and targets. By combining persistent and pervasive automated knowledge assortment and analytics with human evaluation, Recorded Future offers real-time visibility into the digital panorama and empowers shoppers to take proactive motion to disrupt adversaries and maintain their individuals, techniques, and infrastructure secure. Headquartered in Boston with workplaces and workers world wide, Recorded Future works with over 1,500 companies and authorities organizations throughout greater than 64 international locations. Learn extra at recordedfuture.com.
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