• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • Our Services
  • Contact Us
  • Newsletter
  • Top Nav Social Icons

FindBiometrics

FindBiometrics

Global Identity Management

  • Biometrics
    • What are Biometrics?
    • FAQ
    • Biometric Associations
    • Companies
    • Premier Partners
  • News
    • Featured Articles
    • Interviews
    • Thought Leadership
    • Podcasts
    • Webinars
    • Year in Review
  • Applications
    • Biometric Security
    • Border Control and Airport Biometrics
    • Consumer and Residential Biometrics
    • Financial Biometrics
    • Fingerprint & Biometric Locks
    • Healthcare Biometrics
    • Justice and Law Enforcement Biometrics
    • Logical Access Control Biometrics
    • Mobile Biometrics
    • Other Biometric Applications
    • Physical Access Control Biometrics
    • Biometric Time and Attendance
  • Solutions
    • Behavioral Biometrics
    • Biometric Sensors and Detectors
    • Facial Recognition
    • Biometric Fingerprint Readers
    • Hand Readers & Finger Scanners
    • Iris Recognition
    • Biometric Middleware and Software
    • Multimodal Biometrics
    • Physiological Biometrics
    • Smart Cards
    • Vein Recognition
    • Voice and Speech Recognition
  • Stocks
  • Events
  • Companies
  • Podcasts

New iDenfy Tool Identifies Fraudulent IP Addresses

May 20, 2021

iDenfy has released a new Proxy Detection tool that verifies the IP address being used for each transaction. The tool is designed to prevent fraud, and does so by blocking any transactions that originate from an IP address that is running malware or has been associated with fraudulent activity.

New iDenfy Tool Identifies Fraudulent IP Addresses

The challenge, according to iDenfy, is tracking down a fraudster’s actual IP address. The company noted that the vast majority (over 95 percent) of fraudulent activity is carried out with a proxy address that masks the user’s true location. A proxy address makes it more difficult to track a fraud event to its source, and allows fraudsters to remain undetected.

iDenfy’s Proxy Detection tool gives financial institutions more insight into those proxy accounts. The solution monitors internet and black market activity on an ongoing 24/7 basis, and flags anonymous IP addresses, hosting providers, and VPNs that could be indicators of suspicious behavior. The algorithm then analyzes those addresses to determine whether they have signs of malware, or if someone has used the same address to commit fraud in the past.

“Our product services are focused on ensuring that users’ ID verification process is accurate and extremely thorough, and this new product helps us to build on that even further,” said iDenfy CEO Domantas Ciulde. “It gives companies peace of mind, knowing that they can detect any instance where a criminal is behind an online transaction.”

Since Proxy Detection provides ongoing coverage, it can eventually clear IP addresses that have been scrubbed of malware and are no longer being used by cybercriminals. The solution will supplement iDenfy’s existing biometric onboarding technology, which uses face and document recognition to verify the identities of new users. The company’s technology is currently being used by several financial services, including PanPay, KogoPAY, and the Emirex and Impily cryptocurrency exchanges.

–

May 20, 2021 – by Eric Weiss

Related News

  • iDenfy Adds Risk Screening to Fraud Prevention PortfolioiDenfy Adds Risk Screening to Fraud Prevention Portfolio
  • Latest Update Lets BehavioSec Generate Behavioral Profiles FasterLatest Update Lets BehavioSec Generate Behavioral Profiles Faster
  • BioCatch Explains How to Spot Fraudsters Before they Commit a CrimeBioCatch Explains How to Spot Fraudsters Before they Commit a Crime
  • India’s Rapid Rise in Digital Transactions Calls for Behavioral Biometrics Security: BioCatchIndia’s Rapid Rise in Digital Transactions Calls for Behavioral Biometrics Security: BioCatch
  • BioCatch Warns Against Duplicate Email FraudBioCatch Warns Against Duplicate Email Fraud
  • iDenfy Adds Video Liveness Check to Identity ToolkitiDenfy Adds Video Liveness Check to Identity Toolkit

Filed Under: News Tagged With: anti-fraud solutions, anti-fraud tools, Biometric, biometrics, digital fraud, iDenfy, IP address identification, IP address verification, malware, online fraud

Primary Sidebar

EXCLUSIVE MEMBERS ONLY CONTENT:

Become a FindBiometrics Member and gain easy access to specialty content, including the ID Tech column, replays of virtual events, and Identity School educational checklists:

ID Tech: America’s Most Murderous City Reverses Its Facial Recognition Ban [NEW]

ID TECH: What Role Will Biometrics Play in the Cyber Cold War? We’re About to Find Out

Identity School: Facial Recognition Cheat Sheet

Sponsored Links

TECH5 showcase logo

TECH5 is an international technology company founded by experts from the biometrics industry, which focuses on developing disruptive biometric and digital ID solutions through the application of AI and Machine Learning technologies.

TECH5 target markets include both Government and Private sectors with products powering Civil ID, Digital ID, as well as authentication solutions that deliver identity assurance for various use cases. 

Learn more: www.tech5.ai

Onfido logo

Onfido is building the new identity standard for the internet.Our AI-based technology assesses whether a user’s government-issued ID is genuine or fraudulent, and then compares it against their facial biometrics. That’s how we give companies like Revolut, Zipcar and Bitstamp the assurance they need to onboard customers remotely and securely. Our mission is to create a more open world, where identity is the key to access.. For more information, please visit www.onfido.com

ThreatMark brings trust to the digital world by providing cutting-edge fraud prevention solutions. Major banks use ThreatMark’s AI-powered technology and behavioral biometrics to build secured banking experience to precisely verify their legitimate users, seamlessly across all digital channels. All while securing the users’ most precious assets and keeping the fraudsters away. Learn more: www.threatmark.com/

With its secunet border gears product portfolio and specialised consulting expertise, secunet supports police forces and security authorities in their sovereign tasks. Whether ABC gates, self-service kiosks or biometric middleware – each component helps to strengthen identity protection and to accelerate verification – in mobile and stationary scenarios.

Mobile ID World Logo

Mobile ID World is here to bring you the latest in mobile authentication solutions and application providers. Our company is dedicated to providing users with the best content and cutting edge information on technology, news, and mobile solutions for your mobile identity management needs.

Recent Posts

  • Authentication, Border Screening, Surveillance – Biometrics News Digest for August 10, 2022
  • IDEX and Reltime Collaborate On Crypto-focused Web3 Biometric Card
  • America’s Most Murderous City Reverses Its Facial Recognition Ban
  • Innovatrics’ DOT Enables Selfie-based Hotel Check-in
  • Ping to Go Private in $2.8 Billion Deal

Biometric Associations

IBIA and fido

Tweets

Footer

  • About Us
  • Company Directory
  • Advertise With Us
  • Contact Us
  • Privacy Policy
  • Terms of Use
  • Archives
  • CCPA: Do not sell my personal info.

Follow Us

Copyright © 2022 FindBiometrics