Resecurity Launches Advanced AI-Based Fraud Prevention Platform

LOS ANGELES, August 11, 2024 /PRNewswire/ — Re-protection (USA), a global leader in cybersecurity and risk management solutions protecting the largest Fortune 500 companies and government agencies worldwide, unveiled its advanced AI-based solution Fraud Preventive platformThis versatile solution is designed to combat fraud in the banking sector, among virtual asset service providers (VASP), gamblinge-commerce and online marketplaces, providing a solid defense against the changing digital landscape fraudThe platform was successfully launched on Black Hat USA 2024 in Las Vegaswith Resecurity’s CONTEXT AI framework.

In the digital era, the frequency of online transactions has increased over time, along with the sophistication fraud Tactics, Tools, and Procedures (TTP). AI-powered Resecurity Fraud The Prevention Platform leverages cutting-edge data science and machine learning (ML) to deliver comprehensive, proactive protection and near-real-time detection across digital platforms.

The platform is powered by actionable Big Data that provides unique risk insights based on the latest fraud indicators, money mules, politically exposed persons (PEPs), traders involved in illegal activities enabling financial crime investigations, fraud Prevention and Compliance teams will conduct more thorough KYC checks and in-depth investigations.

Multiple applications for complexity Fraud Prevention:

• Protection of bank customers: The platform provides customized fraud detection and prevention mechanisms for the banking sector. Through continuous analysis of transaction patterns and customer behavior, it identifies anomalies and potential fraud real-time attempts, enabling banks to quickly protect their customers’ assets.

• Securing e-commerce and payment systems: E-commerce platforms and payment systems, often targeted by fraudsters, benefit from Resecurity’s seamless integration. The platform uses advanced AI algorithms to monitor transactions and user activity, detecting fraudulent activities such as account takeovers, payments fraudand identity theft, thereby protecting the trust and security of e-commerce businesses.

• Detection Fraud on the markets: In markets where many transactions are made every day, you need to be vigilant fraud monitoring. AI powered Fraud The prevention platform equips markets with the necessary tools to identify and mitigate the effects fraud effectively. By analyzing extensive data in real time, the platform detects fake listings, fake reviews, and unauthorized transactions, maintaining the integrity of the market and protecting both buyers and sellers.

• Accelerate Fintech Compliance:Maintain compliance with the latest regulatory requirements with comprehensive solutions fraud preventive inspections and specialist advisory services.

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Key Features of Resecurity’s AI-Based Technology Fraud Prevention Platform:

1. Anti-Money Laundering (AML): Detecting entities that 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 provides actionable risk intelligence to help identify high-risk individuals and accelerate anti-money laundering controls for compliance purposes.

2. In real time Fraud Detection: Leverage cutting-edge AI and graph-based analytics to quickly and accurately identify fraudulent activity.

3. Cross-platform behavioral and environmental metrics: Analyze high-precision geolocation, behavioral, network, software environment, time-based, and device-specific data from customers for improved accuracy fraud detection via web and mobile interfaces.

4. Bot detection and behavioral analysis: Analyze device requests and user behavior to predict and prevent fraud tests, ensuring authenticity and safety.

5. Preemptive Fraud Intelligence: Using artificial intelligence and machine learning, the platform offers proactive insights that help you stop fraud before it can impact operational activities based on ongoing intelligence gathering on financial crimes (compromised payment data, activities of threat actors).

6. Advanced Device Fingerprinting: Uses proprietary technology to distinguish legitimate users from potential threats, including infected and counterfeit devices.

7. Platform-independent mobile SDK: It uses Web Snippet and Mobile SDK for Google Android and Apple iOS to provide seamless integration with a wide range of digital platforms, increasing their adaptability and reach.

The platform has been successfully deployed across leading financial institutions, loan providers, insurance companies and marketplaces, saving them millions of dollars in potential losses.

About Resecurity

Resecurity® is a cybersecurity company that delivers unified endpoint protection, fraud cyber threat prevention, risk management and intelligence platform. Known for delivering best-in-class data-driven intelligence solutions, Resecurity’s services and platforms focus on early warning, identification of data breaches and comprehensive protection against cyber threats. Founded in 2016, it has been globally recognized as one of the most innovative cybersecurity companies with a singular mission to enable organizations to combat cyber threats no matter how sophisticated. Resecurity was recently named one of the 10 fastest growing private cybersecurity companies in Los Angeles, CaliforniaInc. Magazine. Official Partner of the World Economic Forum (WEF) Cybercrime Atlas, 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 on Resecurity’s AI-powered solution Fraud Prevention Platform, visit https://www.resecurity.com/fraud-prevention.

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SOURCE Resecurity Inc.