VIP Fraud Detection Services

As consumers store information and transact online, they demand both easy access and security from the companies they trust with their finances, health care, entertainment, and more. The VIP Fraud Detection Service learns how each user behaves and only intervenes with additional authentication when needed.

Risk-Based Authentication

VIP Fraud Detection Services work behind the scenes to detect anomalies. A rules and a self-learning behaviour engine processes each event to determine risk based on pre-determined parameters including location, device, time, network address, transaction type, and user information. If the risk threshold is exceeded, the system automatically intervenes and requires a higher level of authentication.

How VIP Fraud Detection Services Work

The VeriSign Fraud Intelligence Network

The VeriSign® Fraud Intelligence Network helps provide early warning of attacks and comprehensive watchlists to block potential fraud sources. Our security experts evaluate, aggregate and distribute fraud intelligence related to malicious intrusions, malware sources, and non-legitimate network traffic to help our customers deter fraud without slowing down legitimate users.

VIP Fraud Detection Service Stock Trading Module

With the increasing global use of online trading by consumers, online brokerages have a pressing need to protect themselves from online fraud such as “Pump and Dump” scams. Fraud detection can be more difficult to prevent for online brokerages and trading firms than it is for other businesses because of the real-time nature of stock transactions. The VIP Fraud Detection Service has a new add-on module for stock trading firms that can help detect and prevent Pump and Dump scams. The VIP Fraud Detection Service Stock Trading Module for Pump and Dump scams analyzes stock trades in real-time after the trade is placed but before it is executed. In the event of any anomaly or high risk transaction, the service will flag potentially fraudulent activities and can optionally intervene to validate the transaction using the standard methods such as phone, one-time password (OTP), SMS, Email etc.