Payment Fraud Intelligence Expands The Recorded Future Intelligence Cloud
PR97705
BOSTON, Sept. 19, 2022 /PRNewswire=KYODO JBN/ --
- Real-Time Dark Web Intelligence Empowers Financial Institutions, Card
Issuers, and E-commerce Providers to Prevent Payment Fraud
Recorded Future, the world's largest intelligence company, today announced the
expansion of its Intelligence Cloud (
)with Payment Fraud Intelligence (
), a single source of truth for identifying, mitigating, and preventing payment
fraud. Payment Fraud Intelligence enables those focused on payment fraud,
including financial institutions, card issuers, and e-commerce providers to
disrupt the entire payment fraud lifecycle by helping to detect e-skimmer
infrastructure (
) and compromised cards (
) associated with malicious activity.
Logo - https://mma.prnewswire.com/media/705622/Recorded_Future_Logo.jpg
Payment fraud is a multi-billion dollar industry impacting merchants,
cardholders, and financial institutions, and will result (
) in over $400 billion in losses globally over the next decade. Historically,
the industry has taken a reactive approach (
), waiting until fraudulent purchases take place, then attempting to limit
losses, resulting in further reputational damages and financial losses.
Recorded Future has unparalleled visibility into the complete payment fraud
infrastructure, enabling clients to disrupt criminal activity by proactively
detecting payment data being sold on the dark web, finding e-commerce sites
infected with e-skimmers, and mapping thousands of the tester merchants used to
validate cards before they're used fraudulently.
Recorded Future's Payment Fraud Intelligence enables payment fraud teams to
proactively:
-- Pinpoint compromised common points of purchase (CPPs)
-- Enhance risk-exposure models and lower fraud potential
-- Improve average fraud rate metrics across an entire card portfolio
-- Detect attacker infrastructure being used to skim payment card data
With Recorded Future Payment Fraud Intelligence, the Card Fraud Prevention team
at Swedbank (
) is automatically alerted when its cards have been compromised and posted for
sale on the dark web, enabling them to preemptively block and replace cards
before fraud can occur.
"Recorded Future integrates with fraud detection systems to improve efficacy of
detection algorithms and proactively scans the dark web to find compromised
cards and reveal attacker infrastructure to identify active infections and full
exposure periods. Now, financial institutions can develop and implement
effective mitigation strategies to counter the effect of payment card
compromises and subsequent fraud attacks before attacks can occur." - Andrei
Barysevich, Vice President, Fraud Solutions, Recorded Future
Learn more about Recorded Future Payment Fraud Intelligence:
https://www.recordedfuture.com/platform/payment-fraud-intelligence
Request a demo of Recorded Future Payment Fraud Intelligence:
https://go.recordedfuture.com/demo
About Recorded Future
Recorded Future is the world's largest intelligence company. Recorded Future's
Intelligence Cloud provides complete coverage across adversaries,
infrastructure, and targets. By combining persistent and pervasive automated
data collection and analytics with human analysis, Recorded Future provides
real-time visibility into the digital landscape and empowers clients to take
proactive action to disrupt adversaries and keep their people, systems, and
infrastructure safe. Headquartered in Boston with offices and employees around
the world, Recorded Future works with over 1,500 businesses and government
organizations across more than 64 countries. Learn more at recordedfuture.com (
).
SOURCE Recorded Future
CONTACT: Olivia Francis, PR Manager, Recorded Future, media@recordedfuture.com
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