Data Zoo, a global leader in identity verification data, has announced the launch of its latest service, ID Fraud & Risk Signals.
Known for its cutting-edge solutions, Data Zoo is positioned at the forefront of identity fraud prevention technologies.
The introduction of ID Fraud & Risk Signals is driven by the need to enhance customer identification and Know Your Customer (KYC) processes. This new product aims to provide businesses with deeper insights into fraud detection and risk assessment.
Data Zoo specializes in leveraging comprehensive data to safeguard and streamline customer verification processes. Their services are essential for businesses looking to maintain security and compliance in a digital age.
ID Fraud & Risk Signals is designed to integrate seamlessly into existing workflows, allowing businesses to utilize mobile phone numbers, email addresses, domains, and IP addresses to identify and prevent potential fraud attempts. This system is especially effective in detecting phone numbers used in porting scams, email addresses involved in breaches, and suspicious domains that may bypass security measures such as two-factor authentication.
The service boasts several advanced features, including real-time alerts to detect fraudulent activities, comprehensive risk scoring based on behavioral and transactional data, AI-driven analytics for heightened accuracy in identifying high-risk customers, and customizable risk thresholds to cater to various industry needs.
This robust tool not only flags synthetic or stolen identities but also helps prevent unauthorized access to funds or services, reinforcing the security framework of any business or identity verification platform. The fully customizable risk scoring criteria make it adaptable to the specific needs of different sectors.
“Incorporating non-traditional data sources enables organizations to strengthen their customer identification processes while delivering a seamless customer experience,” Data Zoo CEO Charlie Minutella said.
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