Read what problems we can help you solve with our solutions: behavioural biometrics, Device Fingerprinting, PureSecure and MobileSecure.
Preventing fraud and unauthorised transactions
A real scourge in the banking and finance sector is fraud and unauthorised transactions, which are ways for cybercriminals to steal money from their victims’ accounts. Understandably, the victimised party wants to recover its funds as quickly as possible. According to PSD2, “where an unauthorised payment transaction occurs, the payer’s provider shall immediately […] refund to the payer the amount of the unauthorised payment transaction – except where the payer’s provider has reasonable and duly documented grounds to suspect fraud”.
In such situations, only the cybercriminal gains and the victims – i.e. banking/financial sector companies and their customers – lose. One of the main goals of behavioural biometrics is precisely to prevent such problems through continuous authentication. The system constantly analyses the user’s behaviour, and when it detects an anomaly (a change in behaviour indicating that someone other than the owner is using the account), it acts according to an alert policy, most often blocking access.
The complexity and level of sophistication of the algorithms responsible for the operating mechanisms of behavioural biometrics make it unfalsifiable and thus effectively prevent fraud or unauthorised transactions.
Fraud prevention and implementation of AML Act safeguards
Pursuant to the so-called AML Act, i.e. the Act of 30 March 2021 amending the Act on the prevention of money laundering and the financing of terrorism, online shop owners are required to identify and verify the identity of their customers. Digital Fingerprints solutions meet the objectives that the Act indicates – and can therefore be used for the protection of customers, as well as the business itself. In addition, they comply with the RODO guidelines and therefore do not interfere with other rules regarding the protection of user identity.
Our solutions are used not only by e-commerce shops, but also by shopping platforms that enable users or smaller businesses to sell online.
Special protection of customer data and accounts
Corporations supplying electricity, gas or other utilities to homes and premises have a huge amount of sensitive data of their customers, which must be adequately protected. Similarly, companies in the telecommunications industry. Leakage of such data means not only very severe financial penalties, but also an image crisis and damage to customer confidence.
Nowadays, customers can extend their subscription over the internet, make a duplicate SIM card or buy expensive equipment on hire purchase – activities that require additional authentication when they are carried out.
And sensitive data is nowadays sometimes even more valuable than money itself, which is why cybercriminals are so keen to find opportunities to get their hands on it. Both PureSecure and behavioural biometrics or Device Fingerprinting present an insurmountable barrier for hackers.
Securing sensitive data and information
The administration sector faces a similar problem to the telecoms and utility supply sector – there is so much user data stored that it is constantly a target for hackers. And although in most cases they are very well guarded, it only takes one security breach for the risk of user data being used by cyber criminals to increase significantly. Adequate security is therefore key to effective protection.
Hundreds of thousands of companies’ and citizens’ data are real bait for cyber criminals. And although the data is encrypted and secured, there have historically been data leaks, resulting in an image crisis and huge problems not only for the victims themselves, but also for the administrative division responsible for storing the data.
Securing access to internal systems and patient accounts
Internal healthcare systems and so-called patient zones are another attractive target for cybercriminals. The sensitive data contained therein, often allowing the determination of an individual patient’s health status and identity, are extremely valuable to hackers. It is not only hospitals, but also laboratories and medical centres that offer patients the opportunity to check their results online, make a medical appointment and verify their history of diagnostic tests, medication and illnesses.
A modern security system that does not affect UX
Digital Fingerprints solutions will find applications wherever the comfort and efficiency of employees or customers are as important as their security. These aspects do not have to be mutually exclusive at all – all our software works in the background without negatively affecting UX, and at the same time shows higher efficiency than traditional multi-level authentication methods.
All IT and technology companies need additional solutions to secure their projects or internal resources. From fintechs supporting banks to technology start-ups and IT corporations, the future of these companies often depends on the level of protection against cyber attacks. However, it is not only IT that needs protection. Our solutions are indispensable when you want to authenticate a person’s identity – and in today’s reality, that means every business needs it. See all Digital Fingerprints solutions to protect your business and your customers
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