Distinguish reputable consumers from fraudsters and stop account takeover attacks from eroding your customers’ trust and eating up your bottom line
of US Adults were hit by Account Takeover attacks in 2022
and counting in annual Account Takeover-related fraud losses
An account takeover occurs when “a malicious third party successfully gains access to a user’s account credentials. By posing as the real user, cybercriminals can change account details, send out phishing emails, steal financial information or sensitive data, or use any stolen information to access further accounts within the organization.” The root problem lies with reliance on One-Time-Passcodes (OTPs) which are simple to deploy but have critical downsides – fraud vulnerability, consumer friction, and cost.
SIM Swap Hackers use stolen PINs to SIM swap a victim’s phone without their knowledge or consent.
Call Forwarding Scam Fraudsters steal OTPs using the call forwarding setting.
Device Swap A fraudster inserts a stolen SIM card into a new phone, enters the stolen PIN , and steals the OTPs to access the victim’s accounts.
Trust Score+ leverages phone number signals from the core telephony infrastructure, proprietary data sources, and Prove’s 15+ years of phone data to identify risks based on the history of that phone number while pulling in Mobile Network Operator (MNO)/carrier data to track risky phone number behavior in real-time during high-risk events (e.g., money movement, password changes, phone number updates, etc.) to detect account takeover risk, identify device theft, unauthorized SIM swaps and ports, and more.
Silently assesses risk, minimizing customer friction and identifies when to ask the customer for additional verification
Trust Score™ is returned to the client just milliseconds after the request
Evaluates risks by assessing possession, reputation, and ownership "PRO" of phone number
Phone numbers are bound to mobile phones with 128-bit encryption, allowing Prove to authenticate Possession.
Phone numbers have Reputation, allowing Prove to assess risk
in real time.
99% of consumers have a personal phone number, allowing Prove to verify identity via Ownership.
Protect your business and customers against evolving fraud threats with a more robust solution.