April 20, 2018
April 18, 2018
Dynamic Digital Identity Intelligence from ThreatMetrix helps accurately differentiate legitimate customers from fraudsters in real time.
Although this global entertainment company has many verticals, it was especially concerned with protecting its ticketing vertical due to the ability of fraudsters to quickly monetize online ticket purchases made using stolen credentials. The company needed to be able to detect and block ticketing fraud in real time without creating friction for legitimate customers.
With ThreatMetrix, it can:
Digital goods are growing in popularity and are more widely accepted today than they were 10 years ago. The convenience, lack of shipping costs, and instant gratification of digital goods have not only attracted consumers, but also fraudsters seeking to exploit the bene ts that digital goods maintain over their tangible counterparts.
Prior to implementing ThreatMetrix, this global entertainment company relied on an internal solution for fraud detection. However, as the company expanded through digital verticals, it became more susceptible to fraudsters and quickly discovered that its existing fraud solution offered little protection from today’s complex and evolving cyberattacks. Fraudsters had become aware of the deficiencies in the current solution and had been able to evade detection for some time, eventually costing the company $1M in fraud losses.
The company needed a holistic, layered approach that effectively enabled them to detect, block, and indict fraudsters using stolen identity credentials to make online ticket purchases.
Leveraging ThreatMetrix Digital Identity Intelligence, this global entertainment company can accurately differentiate legitimate customers from fraudsters attempting to monetize stolen identity credentials in real time without creating friction for trusted users.
The best way to tackle complex, global cybercrime is using the power of a global shared network. The ThreatMetrix Digital Identity Network collects and processes global shared intelligence from millions of daily consumer interactions including logins, payments, and new account applications. Using this information, ThreatMetrix creates a unique digital identity for each user by analyzing the myriad connections between devices, locations, and anonymized personal information. Behavior that deviates from this trusted digital identity can be accurately identified in real time, alerting
the global entertainment company to potential fraud. Suspicious behavior can be detected and flagged for review, step-up authentication or rejection before a transaction is processed, creating a frictionless experience for trusted users.
The best way to tackle complex, global cybercrime is using the power of a global shared network. The ThreatMetrix Digital Identity Network collects and processes global shared intelligence from millions of daily consumer interactions including:
The best way to tackle complex, organized cybercrime is using the power of a global shared network. The ThreatMetrix Digital Identity Network collects and processes shared intelligence from millions of daily consumer interactions worldwide, including logins, payments and new account applications.