41st Parameter upgrades FraudNet to strengthen Experians web fraud detection capabilities

Friday 15 November 2013 10:35 CET | News

US-based online fraud detection services provider 41st Parameter, a part of global information services company Experian, has upgraded its FraudNet cyber security platform.

The newly added features include scalability, expanded device recognition technology and new reporting functionalities that further strengthen Experians web fraud detection and risk-based identity authentication capabilities:
• Scalability - FraudNet is now able to evaluate more than 20 million transactions per day, allowing immediate identification of potential threats without compromising transaction speeds;
• Broader mobile capabilities - Leveraging DeviceInsight technology, FraudNet provides a mobile device recognition;
• Improved reporting - FraudNet users now have access to detailed reports, giving fraud investigators insights to fraudulent activities within accounts and across the organization

41st Parameter aims to protect against cybercrime threats including card not present fraud, new account origination fraud, phishing and account compromise, credit bust outs, and fraud ring attacks.

Experian allows businesses to manage credit risk, prevent fraud, target marketing offers and automate decision making. Experian also provides individuals with the ability to check their credit report and credit score and protect against identity theft.

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Keywords: 41st Parameter, FraudNet, Experian , online fraud, web fraud detection, US
Categories: Fraud & Financial Crime
Countries: World
This article is part of category

Fraud & Financial Crime