USE CASE | DETECT FRAUD RINGS
NeuroID identifies behavior specific to fraud rings and bots
58% of companies have experience a security incident in the last 12 months. All that compromised personal information ends up in the hands of organized fraud rings. They might be able to fool traditional security checks, but behavior can’t be duped.
Organized “fraud startups” are opening accounts en masse with compromised PII.
NeuroID detects a fraud ring every week
Fraud rings are constantly testing for vulnerabilities. You might have a reassuringly consistent level of fraud attempts, then out of nowhere get hit by an aggressive fraud ring that blitzes in to overwhelm your system. And it’s never a one-and-done: fraud rings rinse-and-repeat. As soon as they find a weakness, they’ll double down and squeeze it as long as they can.
Fraud rings are fast, frequent, and furtive, and the ringleaders know how to cover their tracks. While the type of fraud ring attack varies based on the target industry, the tell-tale signs are always there for those who know what to look for.
Fraud rings strike across all industries
NeuroID has detected fraud rings across Buy Now Pay Laters, top banks, leading fintech companies, insuretechs, and many more financial service companies.
Understanding fraud ring behavior is the difference between being proactive instead of reactive
Intercept fraudsters at the point of attack
NeuroID’s real-time decisioning capabilities enhance identity verification platforms and processes. Step up fraudsters to stringent steps and protect your business.
Get actionable, bird’s eyes view of fraud ring behavior
Detect behavior across all applicants and automatically filter those tied to fraud ring indicators through real-time fraud ring alerts.
