Reduce fraud throughout the customer journey

 

Fraud Prevention

Fraud Prevention

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:

Reduce Fraud

Provide your customers with real-time notifications and consent-based authorization for online purchases and transfer of funds – preventative controls rather than detective measures.

Reduce friction
Reduce Friction

Provide your customers with a friction-free experience – no more passwords or tokens / codes to enter. 

Fraud team --
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?

Passwordless Authentication
Passwordless Authentication

Passwordless authentication gives your users access to on-premise, cloud and customer portal applications.

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payment fraud
Consent-based Authorization

Reduce  fraud with a real-time consent-based authorization.

 

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Learn more about BlokSec's Decentralized-Identity-as-a-Service (DIaaS™) Platform

Testimonials

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.

Shaily Srivastava

CEO, Acreage (use-case: passwordless login and consent-based authorization)

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.

Jasen Meece

CEO, Cloudentity (use-case: passwordless login)