Reduce fraud throughout the customer journey
The increase in digital transformation is accelerating the market context for every business with rapid growth in online presence from e-commerce to online payment to banking. With users storing payment card details and making payments online, criminals are looking for ways to take advantage of user behaviour to commit online payment fraud – resulting in losses to the end-user and the organization.
of organizations report being targets of payments fraud attacks
in fraud losses in 2019
in peer-to-peer payment fraud between 2016 to 2019
With fraud prevention organizations can:
Provide your customers with real-time notifications and consent-based authorization for online purchases and transfer of funds – preventative controls rather than detective measures.
Provide your customers with a friction-free experience – no more passwords or tokens / codes to enter.
Reduce Effort For Fraud Teams
Block fraud in real-time without the need to interpret scores or write rules – reducing the effort to maintain complex rules and the need for post-fraud investigations.
Ready to curb fraud?
Learn more about BlokSec's Decentralized-Identity-as-a-Service (DIaaS™) Platform
To support regulatory requirements and privacy we need stronger authentication for our customers and partners; this is where BlokSec is helping us close this gap.
Integrating passwordless login to our customer admin portal using OIDC was simple and straightforward. It took less than 15 minutes to configure our platform to leverage BlokSec for login.