Frost & Sullivan, an international research and consulting firm, has recognized Group-IB’s Fraud Protection platform as the most comprehensive anti-fraud solution currently available on the market. In Frost & Sullivan’s Global Fraud Detection & Prevention (FDP) Market Study, Group-IB’s Fraud Protection stood out from the other eight vendors and products surveyed by containing all seven key functionalities listed by Frost & Sullivan, including bot detection, behavioral biometrics, explainable AI, and API security.
Group-IB’s Fraud Protection is a solution that provides a combination of device fingerprinting, fraud intelligence, and behavioral analysis, and it already protects over 500 million users of web and mobile apps for banking and fintech services, e-commerce marketplaces, and gambling sites worldwide against advanced digital threats, malware, payment fraud, social engineering attacks, and bad bots. The solution offers real-time protection across all digital channels and uses key Threat Intelligence insights contained in Group-IB’s Unified Risk Platform to provide the company’s experts with full visibility of the fraud landscape. This enables them to turn these insights into actionable anti-fraud strategies for clients and partners.
Julien Laurent, Product Marketing Manager (Fraud Protection) at Group-IB, stated that the company’s focus has been to create a solution that is transparent and offers the most comprehensive session monitoring functionality on the market. The company’s Fraud Protection solution utilizes explainable AI to ensure that clients have full control over their operations, understand how the solution operates and makes its decisions, and can adapt to their risk models. These factors are the key to the success of the company’s Fraud Protection platform.
Group-IB’s Fraud Protection has also been recognized in a study by Forrester, which analyzed the performance of a bank transitioning from one solution to Fraud Protection. The study revealed that the bank could expect to receive a three-year ROI of 130%, with payback in less than six months after implementation.
24 March 2023
