Fraud Risk Management

Stop fraud instantly with 90% less manual effort

Secure your enterprise fraud management with AI-powered anomaly detection and customizable risk scoring to minimize losses and improve operational efficiency.

Key Benefits

• 30% reduction in chargeback and bonus abuse fraud
  Use advanced AI systems to stay ahead of sophisticated fraud schemes, reducing losses across all payment channels.
• 45% boost in operational efficiency
  Streamline fraud investigations with intuitive, no-code workflows that allow teams to focus on what matters most.
• Up to 85% decrease in false alarms
  Enhance fraud detection accuracy with adaptive algorithms and precise customer profiling, ensuring minimal disruption for legitimate users.

Smarter fraud protection, less manual efforts

Track suspicious patterns

Detect anomalies with unique device configurations, email, IP, and phone analysis to assess user risk and flag suspicious behaviors.

Spot fraudulent behaviors fast

Prevent fraud attempts by monitoring even the most subtle user activity like mouse movements, keystrokes, and navigation patterns to detect unusual behaviors in real-time.

Assess risks dynamically

Calculate real-time risk scores using behavior patterns, KYC data, and device fingerprints to prioritize and act on suspicious activity, all bespoke to your business.

Automate fraud prevention

Detect threats 90% faster with AI-driven anomaly detection, reducing manual reviews and safeguarding transactions with adaptive, predictive analytics.

How much could you be saving with Sumsub?

ROI calculator

How many transactions does your organization process per month?
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How many users do you serve per year?
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Results
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ROI
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How Sumsub’s Fraud Risk Management works

• Device fingerprinting: Collects unique hardware, software, and user behavior data to create an identifier, enabling accurate device tracking and fraud prevention.
• Behavior intelligence: Analyzes multiple events and device data throughout the user journey, creating dynamic profiles fraudsters can’t replicate.
• Dynamic risk scoring: Evaluates users in real-time with scores based on KYC, behavior, and device data. Customize risk profiles, flag anomalies, and prioritize investigations easily.
• Anomaly detection: Flags unusual activities, assigns Low/Medium/High-risk scores, and provides insights into flagged transactions for swift action.

Why Sumsub

Client Testimonials

• Amram Adar
  Co-Founder and CEO at Oobit
  "With Sumsub, we’ve managed to reduce user fraud to practically zero. Since we began using Sumsub, fraud is just one less thing we’ve had to worry about."

• Jonathan Cook
  Teacher Success Manager
  "As an online marketplace, security and safety for our users are critical issues. We needed KYC software that we could trust. Partnering with Sumsub supported our platform’s growth by allowing us to onboard many more users safely and securely."

FAQ

• What are the 4 components of fraud risk management?

  The four main components of fraud risk management are prevention, detection, response, and recovery.

• What is fraud management in the e-commerce industry?

  In e-commerce, fraud event management is needed to detect behavioral patterns and any risky transactions that could indicate account takeover or payment fraud.

• What is a fraud prevention solution?

  An online fraud prevention solution is a comprehensive cybersecurity measure designed to safeguard businesses and individuals from digital deception.

• What are the strategies for fraud detection?

  The best fraud detection software employs advanced anomaly detection algorithms, machine learning models, and behavioral analytics.

• Can AI be used for fraud detection?

  Yes, AI is instrumental in fraud detection services, employing machine learning algorithms to analyze patterns and anomalies.

• What is anti-fraud software?

  Anti-fraud software is a type of specialized solution employing advanced technologies like AI and machine learning to detect and prevent fraudulent activities.

• How to choose the best fraud detection software

  Select the best fraud detection software by evaluating features such as real-time analytics, machine learning, and adaptability.

• What is enterprise fraud management solution?

  Enterprise fraud management (EFM) solutions help protect large organizations from financial losses caused by fraudulent activity.