NEW ACCOUNT FRAUD
SecuredTouch identifies in real-time actions that indicate fraudulent new accounts being created manually or by advanced tools like bots or emulators. Using information from stolen credit cards, new account fraud successfully evades traditional fraud detection tools, enabling fraudsters to make purchases, abuse coupons and transfer loyalty points.
SecuredTouch detects when an account is being accessed by a fraudster, manually or with a bot, even when legitimate credentials are being used. Fraudsters aim to access stored payment details, make purchases, redirect legitimate purchases, and monetize loyalty points or coupon codes.
SecuredTouch recognizes attempts to perform fraud using the guest checkout option, often used by fraudsters who do not possess login credentials and intend to make purchases with stolen credit cards, avoiding the need for login credentials.
BOT & EMULATOR DETECTION
SecuredTouch applies its behavioral biometrics technology to identify fraudulent activities that are being executed by bots or emulators to scale and maximize profit, by automatically creating new accounts or taking over existing ones.
SecuredTouch applies continuous authentication to passively identify legitimate users and create a fast track to transaction completion. Eliminating the need for step-up authentication to complete transactions, leading to an increase in transaction rates and reduction of customers abandonment.
SecuredTouch identifies patterns of behaviors used to collect and drop limited edition or high demand items in the cart continuously effectively rendering access to these items almost, if not completely, impossible. Users are forced to find alternative options usually at a much higher premium.
SecuredTouch catches sneaker bots by differentiating between human vs. non-human behaviors and detecting behavioral anomalies. This type of bot, the digital version of scalping, is used to speedily snap up limited edition or high value items in order to resell them at a premium price.