Fraud risk happens at each step of the customer journey in Telecom.
At nearly any point, there are new risks to data privacy, fraud protection, and security. Bad actors and fraudsters are continuously finding new ways to infiltrate your security measures and protocols.
New Account Creation
8.9
%increase in fraud attacks
During Payment
18
%growth in fraud attempts
At Login
52
%increase in account takeover attempts
Source: The Financial Cost of Fraud 2021 Report, Crowe/University of Portsmouth
CASE STUDY
Identity Proofing with Fraud Shield
A major telecommunications company reports outstanding results from using our “superpower” solution to protect against even the fastest and most sophisticated bad actors, in real-time.
Discover how we combine our proprietary fused watchlist service with fully automated document verification and biometric authentication to deliver unparalleled fraud detection and protection.
Product Recommendations
Our portfolio of products offers a complete fraud prevention solution to meet any business’s KYC and IAM requirements.
AuthenticID’s Facial Biometric technology provides a fast, simple way to authenticate an individual by matching a person’s selfie to the photo on a government-issued ID, profile picture, or any other image of a person’s face with complete accuracy.
Our machine learning technology provides 99%+ accuracy in detecting even the most sophisticated fraudulent documents. Our proprietary technology combines machine learning and AI to review over 2,000 unique computer vision data models to verify an ID’s authenticity.
Fraud Shield is AuthenticID’s proprietary, fused biometric and biographic watchlist service, offering fraud detection and protection unlike anything else on the market. This “superpower” solution is nearly 100% accurate and can protect your company against even the most rapid, prolific, and sophisticated bad actors.
eBook
TELECOM FRAUD
Fraudsters are getting more sophisticated and taking new risks – because the potential reward is huge. Leaving your company and your customers vulnerable to these new threats isn’t just a potential monetary loss, it’s a loss of trust.
Keep your customers’ identities secure – and minimize fraud losses.
Product Sheet
ID VERIFICATION
Our fused machine learning technology provides 99%+ accuracy in detecting even the most sophisticated fraudulent documents. AuthenticID’s proprietary technology combines machine learning and AI to review over 2,000 unique computer vision data models to verify an ID’s authenticity.
Case Study
WIRELESS INDUSTRY LEADER
In the telecom industry, fraud resulting from insufficient ID verification procedures can take months to be discovered. And with every day that passes, a company loses money, loses trust, or lose brand integrity. Telecom companies need an effective, accurate, and seamless solution to easily onboard and authenticate customers.
You won’t find a more qualified team.
AuthenticID is run by a “who’s who” of experts in identification documentation, forensic science, counterfeiting, and law enforcement, as well as leaders in face, fingerprint, and palm biometrics.
Ready to get started?
Learn more about our identity verification products and solutions.