Best Software For Fraud Detection System by Covery

Posted On Thursday, 27 January 2022 21:09

Applying anti-fraud policies, businesses not only raise their financial revenues by reducing losses from fraud. They are strengthening their positive reputation among customers and improving the services provided. Success in combating online fraud largely depends on effective fraud detection software.

The anti-fraud service market offers various solutions to the problem of fraud. However, a fraud detection software for any business should be complex and take into consideration all weak sides through which scammers can intrude into the business activity of your organization.

Complex Tasks For Fraud Detection Software

Effective fraud detection system should fulfill all anti-fraud tasks:

  • detection: it allows finding out customers, employees, or dishonest partners who committed or are going to commit fraudulent activity
  • reaction: choosing the best possible action in response to committed fraud 
  • information gathering: retrospective analysis of data that allows recreating the logic of fraudulent schemes
  • investigation: confirming fraudulent activity with data gathered

Anti-Fraud Products by Covery

Covery is an online anti-fraud platform that develops, installs, and maintains risk management software for all stages of your business activity. It works with both high- and low-risk businesses. Covery offers fraud detection software that helps companies fight such kinds of fraud:

  • bot attack
  • account takeover
  • card details theft
  • payment fraud, etc.

 

Companies of different sizes from Europe, the USA, and other countries highly benefit from risk management software provided by Covery. The anti-fraud platform is constantly improving its tools to protect the businesses of its clients. The most popular fraud detection software by Covery is following:

  • Trustchain is a global reputational base that employs risk management software. It analyzes heterogeneous flows of available information, using advanced IT technologies and tools for working with "big data".
  • Device fingerprinting. It allows you to register and monitor the devices of your customers. Thanks to it, the anonymity of users will be impossible, which decreases the number of different types of fraudulent activity.
  • KYC Automation. This fraud detection software protects financial transactions and other types of activity, prevents money laundering, terrorism, etc.

 

Fraud detection software by Covery is very flexible. It allows to respond to the emergence of new threats and set up automated monitoring, taking into account the slightest changes in the tactics of scammers.

By purchasing fraud detection software by Covery you can be sure that your business will be protected at all stages of your activity. Your clients will be highly satisfied with the reliability of your company. Your employees will be confident in their earnings. Your partners will highly respect your responsibility!

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