Proactively identify and mitigate risks from payment fraud
Payment Fraud intelligencePayment fraud is a multi-billion dollar industry impacting merchants, cardholders, and financial institutions. Detecting fraud after illicit transactions have already taken place is too late, as banks and merchants will have suffered financial and reputational losses. With Recorded Future Payment Fraud Intelligence, financial institutions can prevent fraudulent transactions from occuring, providing direct and measurable savings.
Proactive Fraud Prevention
Recorded Future Card Fraud Intelligence helps financial institutions take a proactive approach by scanning merchants for live e-skimmer infections, identifying compromised common points of purchase and matching stolen payment card information with internal records.
Take action on compromised cards
Access critical information on your cards being sold on the dark web, and leverage the captured data elements to identify compromised accounts, add stolen cards to a heightened fraud detection group, lock accounts, and block fraudulent transactions from occurring.
Unlock the full picture of a merchant breach
Reveal the full impact of a breached merchant to address critical questions: How long was the merchant breached? How many cards were exposed? Is the merchant still under attack? Since criminals often release compromised cards in small batches to both mask their activity and not flood the market, it’s important to have thorough analysis on compromised merchants.
Protect against fraudulent account takeovers
Dark web markets offer additional information on cardholders, which can be used to take over a customer’s account. Knowing criminals are equipped with this information allows financial institutions to put the account into a special security category that requires additional identity verification procedures.
Benchmark against your peers
Compare the price and supply of your cards against your peers. Damage the reputation of criminals and shops selling cards from your portfolio by stopping fraudulent charges before they can occur.
Stay one step ahead of fraudsters
Compromised Card Data
With real-time collection of partial data elements from cards posted on the dark web, financial institutions can take preemptive action on compromised cards to prevent fraud from occurring and hurt the reputation of criminals responsible for selling your data.