Mobile fraud involves different scams that either persuade your customers to buy products/services that turn out to be substandard or non-existent, make phone calls or texts to premium services by accident, or to unknowingly sign up to expensive subscription services.
More advanced frauds involve accessing stealing passwords through SMS verification systems, accessing bank accounts, personal data and similar. Many of them includes some advanced techniques such as fake senders, fake call forwarding and similar.
CS Networks fraud prevention system is developed to leverage data arriving from mobile channels and monitor the behavior of consumers to uncover patterns and alert investigators of mobile fraud in real time.
In basics, platform allows you to implement advanced prevention mechanism by unitialising mobile verification and location based security checks, allowing you to confirm:
- Called parity is who is represending to be.
- Calling partity is real authorised device.
- Device Location is correct and match user preferences.
This set of security solutions are ideal for banks and financial institutions or any service dealing with senstive personal data. Get in touch today to discuss how we may help you implementing advanced two-step verification and prevent mobile frauds.