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Online scam and fraud prevention tools in a nutshell!

Published by Vanguard on Tue, 25 Jan 2022


Every day terabytes of new information appear on the Internet, hundreds of thousands of people enter their data on sites, pay for purchases using card data, etc. How not become a victim of scammers, if only last year Google found more than 2 million fraudulent sites What are the fraud prevention tools to avoid the evil-doers? Todays article will talk about the importance of fraud detection.

Why do you need risk management software 

Whether youre a business that promotes and sells its products and services online, or youre a customer who wants to buy something on the Internet, you can fall victim to scammers. Lets look at the importance of the anti-fraud System for these two categories separately.  

Importance of the risk management software for business 

Businesses are accumulating more and more data every day, the security of which rests on the shoulders of the company itself. While large businesses can afford to have an entire department within the company dedicated to fraud detection, cybersecurity, and hacker attack monitoring, new start-ups cannot afford such a luxury. So what can they do, not leave an important date to be torn apart by intruders For such cases, you can use the Covery fraud prevention tools that will quickly and reliably determine the harm, warn of the danger and protect your important information.  

Is there any need for fraud prevention tools for ordinary users 

In the developed countries of Europe and the USA, special laws are governing the safety of data on websites and the confidentiality of online shopping. But, unfortunately, it is very difficult to prove anything in court in your country and bring to justice a fraudulent site whose domain is registered in another country than yours. Fraudsters can steal your information and use your data to your detriment. To prevent this, you can also use fraud detection systems to ensure that the website is always secure. 

What is the Covery anti-fraud System

Covery is a specially trained anti-fraud system, which helps to recognize scammers and prevent the loss of information. Using such services, you provide your business with safe operation and your clients with confidence in the reliability of your site. 
To ensure the secure operation of your site, Covery uses the following fraud prevention tools: 
  1. Trustchain (helps to reduce the number of bots and fraudsters).
  2. Fingerprinting – technology to prove the identity of the user.
  3. Rule-based risk logic engine and Machine Learning for better fraud detection. 
  4. KYC/AML/KYB Automation.
Wrapping it up, securing yourself and your business should be a priority for everyone, so we recommend that you use risk mitigation and fraud prevention services like Covery.  

Click here to read full news..

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