[ad_1]
Palo Alto, CA — March 15, 2022 —Cellular authentication pioneer Incognia, at present introduced the launch of recent location id fraud detection modules to assist cell app safety for patrons throughout finserv, crypto, social networks, on-line gaming and extra. Incognia’s resolution modules embody Location Spoofing Detection, World Cellular Deal with Validation, and Trusted System Intelligence – all of which can be utilized for stopping cell app fraud throughout onboarding, logins and transactions.
With Finance app downloads totaling 5.9B in 2021, rising 28% YOY, and Gaming apps seeing greater than $16B in shopper spend in 2021[1], it isn’t solely new customers which can be flocking to fintech and gaming apps but additionally fraudsters. Incognia’s new resolution modules supply enhanced fraud prevention capabilities for cell apps by leveraging location and system intelligence indicators immediately from the consumer’s system. Fraudsters are adopting new fraud strategies focused at cell together with use of location spoofing to cover and obscure the true location of the consumer. A key good thing about Incognia fraud detection modules is that they add no friction to the consumer expertise and work silently within the background, offering extremely correct threat assessments to stop fraud.
Incognia module choices embody:
- Location Spoofing Detection: Location spoofing detection is very necessary for belief and security in cell apps for social, courting, transportation, meals supply, playing and gaming. Incognia is extremely efficient in detecting GPS location spoofing throughout onboarding, new account creation, login and transactions & funds. The Incognia SDK collects nameless location knowledge from cell gadgets by its proprietary location know-how utilizing GPS, Wifi, mobile and Bluetooth sensors knowledge. Every time a consumer tries to login or carry out a delicate transaction within the app from a brand new or present system, Incognia offers a threat rating and related proof based mostly on the correlation of present and historic consumer location habits and system intelligence knowledge.
- World Cellular Deal with Validation: Cellular apps with international protection want options for worldwide deal with validation. Incognia World Cellular Deal with Validation works wherever on the planet, providing real-time deal with validation in areas the place deal with databases are incomplete or unavailable. The Incognia resolution for World Cellular Deal with Validation makes use of Location Conduct and System Intelligence to validate the house deal with of a brand new consumer throughout id verification at onboarding. Utilizing Incognia, cell apps can validate in real-time the offered dwelling deal with with the present consumer location to stop fraud and assist KYC/AML compliance. Greater than 80% of recent accounts are created from a consumer’s dwelling deal with.
- Trusted System Intelligence: Incognia Trusted System Intelligence is a crucial overlay to straightforward system fingerprinting to allow the instant recognition of reliable gadgets and ship a frictionless expertise for good customers. This module allows enhanced cell fraud prevention through the use of data from a consumer’s system to detect use of emulators, rooted or jailbroken gadgets, and to detect when a number of gadgets are accessing the identical account or a number of accounts are sharing the identical system. The Trusted System Intelligence resolution module goes past conventional system fingerprinting in assessing not solely the system integrity but additionally the system location to precisely assess threat each time a brand new system makes an attempt to login and entry companies. For trusted customers this offers the chance for frictionless system change. The Trusted System Intelligence module can be utilized along side Incognia Location Spoofing Detection and Deal with Validation modules.
Incognia resolution modules are enabled by way of the identical cell SDK and APIs utilized by the Incognia zero-factor authentication resolution that works on each iOS and Android gadgets. Knowledge collected by the SDK is anonymized with hash and encryption strategies and Incognia adheres to privateness by design pointers.
“Elevated cell adoption is attracting new varieties of fraud, which is why Incognia is providing new resolution modules to detect location spoofing, use of pretend addresses and compromised gadgets,” mentioned André Ferraz, founder and CEO of Incognia. “With this added flexibility, clients of all sizes will have the ability to reap the benefits of enhanced frictionless cell fraud prevention. We’re excited to broaden our choices in order that our clients throughout finserv, cell gaming, crypto and past can present their valued clients with a safe and frictionless expertise always.”
Incognia fraud prevention module choices can be found now. To get began, go to www.incognia.com.
About Incognia
Incognia is a privacy-first location id firm that gives frictionless cell authentication to banks, fintech and mCommerce firms, for elevated cell income and decrease fraud losses. Incognia’s award-winning know-how makes use of location indicators and movement sensors to silently acknowledge trusted customers based mostly on their distinctive habits patterns and is a key enabler for zero-factor authentication. Deployed in over 150 million gadgets, Incognia delivers a extremely exact threat sign with extraordinarily low false constructive charges.
Incognia is privately held and headquartered in Palo Alto, California with groups in New York and Brazil.
Keep linked and comply with Incognia on Twitter and LinkedIn.
[ad_2]
