
From risk-based authentication to holistic fraud prevention. Real-time digital fraud detection and prevention are essential to protecting customers, merchants, and banks from the effects of financial crimes, which can significantly impact their businesses and result in millions of losses.
G+D Netcetera has been awarded the prestigious Platinum Award in fraud prevention by Juniper Research, recognizing the outstanding effectiveness and innovation of its BIN Attack Score solution. This advanced fraud detection and prevention solution is a critical part of G+D Netcetera’s comprehensive fraud prevention portfolio, designed to protect financial institutions, merchants, and consumers from increasingly sophisticated digital payment fraud.
Fraudsters today use stolen or generated card information and automated software to test thousands of card numbers in rapid succession, known as BIN (Bank Identification Number) attacks. These attacks help them identify valid card details for large-scale fraud, often before banks can react. Conventional fraud detection systems struggle to react correctly – revealing information about existence of cards.