Resecurity Introduces Advanced AI-powered Fraud Prevention Platform

LOS ANGELES, Aug. 11, 2024 /PRNewswire/ -- Resecurity (USA), a global leader in cybersecurity and risk management solutions protecting major Fortune 500 companies and government agencies worldwide, unveiled its advanced AI-driven Fraud Prevention Platform. This versatile solution is engineered to combat fraud across banking, virtual asset service providers (VASPs), gambling, e-commerce, and online marketplaces, providing a robust defense against the evolving landscape of digital fraud. The platform was successfully introduced at Black Hat USA 2024 in Las Vegas, along with the CONTEXT AI framework by Resecurity.

In the digital era, the frequency of online transactions has increased in times, alongside the sophistication of fraud tactics, tools and procedures (TTPs). Resecurity's AI-driven Fraud Prevention Platform leverages state-of-the-art data science and machine learning (ML) to offer comprehensive, preemptive protection and close to real-time detection across various digital platforms.

The platform is powered by actionable Big Data providing unique risk intelligence insights on the latest fraud indicators, money mules, politically exposed person (PEPs), merchants involved in illegal activity, enabling financial crime investigators, fraud prevention and compliance teams to perform enhanced KYC screening and conduct deep dive investigations.

Diverse Applications for Comprehensive Fraud Prevention:

    --  Protecting Banks' Customers: The platform delivers tailored fraud
        detection and prevention mechanisms for the banking sector. By
        continuously analyzing transaction patterns and customer behaviors, it
        identifies anomalies and potential fraud attempts in real-time, enabling
        banks to swiftly protect their customers' assets.
    --  Safeguarding E-commerce and Payment Systems: E-commerce platforms and
        payment systems, often targeted by fraudsters, benefit from Resecurity's
        seamless integration. The platform utilizes advanced AI algorithms to
        monitor transactions and user activities, detecting fraudulent actions
        such as account takeovers, payment fraud, and identity theft, thereby
        maintaining trust and security for e-commerce businesses.
    --  Detecting Fraud on Marketplaces: Marketplaces, with their high volume of
        daily transactions, require vigilant fraud monitoring. The AI-driven
        Fraud Prevention Platform equips marketplaces with the necessary tools
        to identify and mitigate fraud effectively. By analyzing extensive data
        in real-time, the platform spots fraudulent listings, fake reviews, and
        unauthorized transactions, preserving marketplace integrity and
        protecting both buyers and sellers.
    --  Accelerate Compliance for Fintech: Stay compliant with the latest
        regulatory requirements by leveraging comprehensive fraud prevention
        controls and specialized advisory services.

Key Features of Resecurity's AI-driven Fraud Prevention Platform:

    1. Anti Money Laundering (AML): Detection of actors who may misuse financial
       services, such as banks, e-commerce platforms, and payment networks, to
       engage in illegal activities, including money laundering and terrorism
       financing. Resecurity is sharing actionable risk intelligence to
       facilitate the identification of high-risk individuals and accelerate
       anti-money laundering controls for compliance purposes.
    2. Real-time Fraud Detection: Utilize cutting-edge AI and graph-based
       analysis to identify fraudulent activities quickly and accurately.
    3. Cross-Platform Behavioral & Environmental Metrics: Analyze geolocation
       with high accuracy, behavior, network, software environment, time-based
       and device-specific data from customers, enhancing fraud detection across
       web and mobile interfaces.
    4. Bot Detection and Behavioral Analysis: Analyze device requests and user
       behavior to predict and prevent fraud attempts, ensuring authenticity and
       security.
    5. Preemptive Fraud Intelligence: Leveraging AI and machine learning, the
       platform offers preemptive insights to stop fraud before it can impact
       operations based on ongoing financial crime intelligence collection
       (compromised payment data, activity of threat actors).
    6. Superior Device Fingerprinting: Uses proprietary technology to
       distinguish legitimate users from potential threats, including infected
       and spoofed devices.
    7. Platform-Agnostic Mobile SDK: Employs Web Snippet and Mobile SDK for
       Google Android and Apple iOS to ensure seamless integration across a wide
       range of digital platforms, enhancing adaptability and coverage.

The platform has been successfully implemented in leading financial institutions, lending providers, insurance organizations, and marketplaces, enabling them to save millions of dollars in potential losses.

About Resecurity

Resecurity® is a cybersecurity company that delivers a unified endpoint protection, fraud prevention, risk management, and cyber threat intelligence platform. Known for providing best-of-breed data-driven intelligence solutions, Resecurity's services and platforms focus on early-warning identification of data breaches and comprehensive protection against cybersecurity risks. Founded in 2016, it has been globally recognized as one of the world's most innovative cybersecurity companies with the sole mission of enabling organizations to combat cyber threats regardless of how sophisticated they are. Most recently, Resecurity was named one of the Top 10 fastest-growing private cybersecurity companies in Los Angeles, California, by Inc. Magazine. An Official Partner of the Cybercrime Atlas by the World Economic Forum (WEF), Member of InfraGard National Members Alliance (INMA), AFCEA, NDIA, SIA, FS-ISAC and the American Chamber of Commerce in Saudi Arabia (AmChamKSA), Singapore (AmChamSG), Korea (AmChamKorea), Mexico (AmChamMX), Thailand (AmChamThailand), and UAE (AmChamDubai). To learn more about Resecurity, visit https://resecurity.com.

For more information about Resecurity's AI-driven Fraud Prevention Platform, visit https://www.resecurity.com/fraud-prevention.

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SOURCE Resecurity Inc.