The anonymity of the Internet makes it more difficult than ever to know your customer. Unfortunately, the tools available to assist merchants in understanding the risk of any given transaction are rudimentary at best. Enter FraudNet from 41st Parameter. FraudNet is a powerful application capable of analyzing every e-commerce transaction and determining the level of risk represented by the choice to fulfill it.

Designed on the premise good customers rarely attempt to deceive merchants as to their true identity, FraudNet combs through data available in an Internet transaction for signs of intentional deception. Once a transaction is flagged for being suspicious, FraudNet provides investigators with powerful tools to rapidly assess the transaction and decide whether the risk of fulfilling the order outweighs the potential profit.

The anonymity of the Internet makes it more difficult than ever to Know Your Customer. Unfortunately, the tools available to assist banks in understanding the risk of any given transaction have been limited at best. Many banks have depended on strengthened verification systems. Yet these are easily bypassed through readily available stolen information. At the same time, online activity is only increasing. The largest 27 banks report 475,000 new account openings online per month. This means fraud teams must work faster and more productively to keep up.

Enter FraudNet from 41st Parameter. FraudNet is a powerful application capable of analyzing every new account opening and determining the level of risk represented by the choice to fulfill it. Designed on the premise that good customers rarely attempt to deceive banks as to their true identity, FraudNet combs through data available in an Internet transaction for signs of intentional deception. Once a suspicious transaction is flagged, FraudNet provides investigators with powerful tools to rapidly assess the transaction and determine whether the risk of fulfillment outweighs the potential profit.

A comprehensive fraud-management solution. FraudNet for Account Takeover is a comprehensive fraud management application designed to provide early warning of account takeover activities – often before any fraudul
ent transaction has taken place. FraudNet for Account Takeover utilizes 41st Parameter's unique device recognition technology to pinpoint fraudster's devices and track their activities. Unlike other approaches, which take an isolated look at individual accounts to assess the suspiciousness of an activity, FraudNet for Account Takeover tracks a fraudsters' activities across multiple, unrelated accounts.