Fighting Fraud with Phone Number Intelligence
Every day, fighting fraud with phone number intelligence around the globe are slaying villains who steal money and identities, undermine trust in voice calls and SMS, and destroy global communication infrastructure. To do their jobs, they need the right data to detect suspicious activity — but it’s hard for rules-based systems to keep up with the pace of bad actors.
Fighting Fraud with Phone Number Intelligence
What’s needed is an intelligent solution that analyzes the velocity and frequency of a phone number’s usage, combined with identity verification, live appends and carrier signaling. Only then can a system accurately assess risk and return a risk score that can be used to inform decisioning in an instant.
For service providers who rely on phone numbers to verify a user’s identity, approve transactions and prevent fraud, this intelligence is critical. But it’s not easy to find the right data — it must be granular, accurate, normalized and available in real time on a global scale.
IPQS combines world-class phone validation and reputation scoring with advanced risk analysis to provide a complete picture of a phone number’s quality. This process includes carrier signals (including SIM swaps, porting activity, device changes, VOIP use, and more), identity verification and managed ID data from Prove, and fraud threat feeds from our partners in the Fraud Fusion consortium.
The result is a risk score that can be delivered in milliseconds to securely authenticate users and protect against fraud, chargebacks and other high-risk behavior. As the fraud epidemic escalates – merchant losses from eCommerce fraud alone are expected to exceed $17 billion in 2021 – it becomes increasingly clear that deploying more intelligent solutions like this is vital to reversing the trend and keeping fraudsters at bay.
