Key Takeaways
- Veriff’s Fraud Protect & Intelligence package enhances crypto fraud detection using global insights.
- RiskScore provides a numerical risk assessment for informed decision-making.
- FaceBlock Import helps organizations deter repeat offenders and guideline violators.
In the crypto landscape, fraud and scams can be seen globally. Users are advised time and again to stay vigilant of these risks. In order to mitigate the risk of fraudulent activity, Veriff, a global identity verification (IDV) provider, has launched its Fraud Protect & Fraud Intelligence package. So, what features does this package include, and what should readers know? Let’s find out!
Fraud Protection & Intelligence
The fraud protection package by Veriff offers advanced fraud detection by tapping into Veriff’s extensive network of global customers to unearth fraudulent patterns and thwart repeat wrongdoers operating across various entities.
Moreover, Veriff’s in-house fraud specialists will be playing a pivotal role in recognizing global trends and crafting strategies to counter fraud. These tactics will encompass the proactive blocking of repeat offenders, geolocation-based restrictions to thwart unauthorized access from specific regions, and the implementation of document validation checks to counter emerging tampering techniques.
In terms of fraud intelligence, the company will leverage data-driven insights, and RiskScore will provide a tangible numerical representation of the comprehensive risk linked to an IDV session. This score, accompanied by supplementary risk-related information, will seamlessly integrate into a customer’s existing risk management system, facilitating deeper scrutiny and more informed decision-making.
Also, there will be FaceBlock Import, through which organizations will have the capability to import their blocklists, thus deterring repeat offenders, individuals who violate community guidelines, or those at risk of breaching gaming self-exclusion measures. All in all, the new features seem robust, and one can expect users to benefit significantly from them. Let’s see how it unfolds in the real world.
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