Underground Data: The Missing Component of Your Fraud Prevention Framework
Make faster, more accurate fraud decisions using recaptured data from criminal communities.
In a market saturated with anti-fraud and identity verification tools, even the most sophisticated programs are missing insights into data circulating the criminal underground that is allowing criminals to evade detection and perpetrate account takeover, identity fraud, and new account fraud.
SpyCloud Identity Risk EngineTM provides what no other anti-fraud and identity verification solutions can: actionable, predictive fraud risk assessments based on breach data and malware-stolen credentials, recaptured from the criminal underground using human intelligence (HUMINT).
Stop Hard-to-Detect Fraud with Actionable Analytics
Predict Fraud Tied to Malware
Identify consumers whose data has been harvested by malware, including browser fingerprints that enable criminals to impersonate them.
Detect Synthetic Identities
Detect anomalies within a customer’s information indicating that the identity is
fake, stolen, or constructed using sensitive data available on the criminal underground.
Anticipate Account Takeover
Determine which customers are at the highest risk of account takeover due to exposed credentials, bad password hygiene, and other key risk indicators.
We could have avoided manual review for 76% of the orders we tested with Identity Risk Engine.
Fraud is an arms race, and criminals have an advantage.
SpyCloud turns recaptured data into your greatest defense.
Identity Risk Engine enhances the power of existing fraud prevention solutions by drawing on the world’s largest database of recaptured data from the criminal underground to illuminate which customers are at highest risk of account takeover, new account fraud, and synthetic identity fraud.
Assets
Total
Passwords
Email
Addresses
Data Types
Risk Signals Based on Data No Other Provider Has
SpyCloud is the only provider using recaptured data for fraud prevention, delivering actionable analytics that can be used to drive faster, more accurate fraud decisions. SpyCloud constantly recaptures and analyzes new data from the criminal underground, including credentials and personal information exposed by third-party data breaches, combolists, and malware-infected devices.
I would include Identity Risk Engine anywhere immediately after inputting an email address. If we executed SpyCloud prior to some of the other checks that didn’t catch this activity, you become a cost-saver because those other steps are usually more expensive.
Created to Solve Your Specific Challenges
FINANCIAL SERVICES
Enroll New Clients, Not Criminals
- Defend Against Application and Account Opening Fraud: Reveal indicators of stolen or synthetic identities
- Forecast Targeted Attacks: Identify newly-exposed credentials that are high value to criminals
- Prevent Fraud Tied to Malware: Identify customers whose data has been siphoned by malware, putting them at high risk of identity theft and ATO
ECOMMERCE
- Improve Accuracy: Make confident fraud decisions using historical data not available elsewhere
- Reduce Chargebacks: Flag high-risk customers that are vulnerable to ATO and could lead to fraud losses
- Decrease Manual Reviews: Reduce the burden on your team and allow low-risk users to transact friction-free
Drive Fraud Decisions at Scale with Curated Risk Assessments
Position Identity Risk Engine at your most vulnerable points of fraud (account opening, login, modifications, transactions). When you query our API with as little as an email address or phone number, SpyCloud correlates billions of recaptured data points and returns an underground risk assessment along with key risk indicators and reason codes that can drive more accurate fraud decisions at scale.
Featured Resources
Reducing Identity Fraud While Improving the Digital Customer Experience in Financial Services
FIs must strike a balance between prevention controls and fraud mitigation while ensuring a quality customer experience. Our report delves into a new framework for understanding the risk that each individual consumer presents at key points in their journey.
Reducing Identity Fraud in Ecommerce
How can merchants best balance the customer experience and fraud prevention? Our report offers a new approach for merchants to differentiate between low- and high-risk customers.
Real or Synthetic? Introducing SpyCloud Identity Risk Engine
On-Demand Webinar: A detailed look at how Identity Risk Engine turns recaptured data into a clear fraud signal that complements your existing control framework.
