FraudNet

FraudNet is developed by company 41st Parameter which is included into Experian group. FraudNet is a part of a complex of solutions of Experian on fraud prevention.

The growing level of Internet fraud does vulnerable users of online stores. Application of methods of analytics of Big Data in the solutions of counteraction to fraud developed by Experian company is relevant for increase in safety of use of online services.

FraudNet gives the chance to manage lists of desirable and unwanted clients and devices ("white" and "black" lists). So, for example, if it is established that from a certain device fraudulent transactions are initiated, such device is entered in the "black" list, and all other requests from it are blocked. At the same time in different branches of the economy there are different requirements and models of risks therefore the Experian company created lists and specific rules for each such industry for the purpose of additional protection. It is one of main advantages of this system.

And at last, FraudNet provides a number of general-system reports and reports on demand, including the configured reports and also performs data collection (about the events, devices enriched supplied and the specified information on risks), provided for direct use by computer systems, at complete confidentiality, for the further analysis internal tools of a business intelligence.

See Also:

• Information security in banks
• Fraud on credit cards. How to secure itself against theft of personal data
• Corruption (fraud): Russia and world
• Card fraud (market of Europe)