We Solve Transaction Fraud
Before It Happens
FraudBlock™ detects & prevents fraud in real-time and at scale.
Transaction Fraud
Before It Happens
FraudBlock™ detects & prevents fraud in real-time and at scale.
Payment Fraud is a
$30 Billion Business Problem
Payment fraud is a calculated attack by hackers going after the most vulnerable, and in many cases, seemingly sophisticated email security systems. Business Email Compromise (BEC) is a 3-step process of penetrating a person’s email environment, impersonating the target identity, and executing a fraudulent attack. Preventing such fraud can prove extremely difficult when multiple parties are involved, which is exactly what FraudBlock™ is designed to handle.
Impersonate
BEC (Business Email Compromise) attacks impersonate executives to trick the recipient into accepting false information to wire payments to hacker bank accounts.
Communicate
BEC emails are expertly crafted by hackers as a phishing scam, and are sent within a company’s email system, making it nearly impossible for recipients to differentiate in its authenticity.
Attack
Hackers then covertly attack from within a business, diverting payments to their accounts, accounting for half of cybercrime payment losses, according to the FBI.
$30 Billion Business Problem
Payment fraud is a calculated attack by hackers going after the most vulnerable, and in many cases, seemingly sophisticated email security systems. Business Email Compromise (BEC) is a 3-step process of penetrating a person’s email environment, impersonating the target identity, and executing a fraudulent attack. Preventing such fraud can prove extremely difficult when multiple parties are involved, which is exactly what FraudBlock™ is designed to handle.
Impersonate
BEC (Business Email Compromise) attacks impersonate executives to trick the recipient into accepting false information to wire payments to hacker bank accounts.
Communicate
BEC emails are expertly crafted by hackers as a phishing scam, and are sent within a company’s email system, making it nearly impossible for recipients to differentiate in its authenticity.
Attack
Hackers then covertly attack from within a business, diverting payments to their accounts, accounting for half of cybercrime payment losses, according to the FBI.
Fraud is on the Rise
Increasing attacks on business to divert payments is a primary source of hacker revenues. Most businesses who fall victim to payment fraud never saw it coming. Regardless of the millions spent annually on Fraud Awareness Training, human error remains the target weakness as hackers become smarter, and technology advances.
81%
In 2019, 81% of businesses were targets of attempted or actual payment fraud
74%
Businesses that reported fraud, indicated 74% originated from BEC scams
61%
Businesses with attempted or actual payment fraud were BEC scam victims
Fraud is on the Rise
Increasing attacks on business to divert payments is a primary source of hacker revenues. Most businesses who fall victim to payment fraud never saw it coming. Regardless of the millions spent annually on Fraud Awareness Training, human error remains the target weakness as hackers become smarter, and technology advances.
81%
In 2019, 81% of businesses were targets of attempted or actual payment fraud
74%
Businesses that reported fraud, indicated 74% originated from BEC scams
61%
Businesses with attempted or actual payment fraud were BEC scam victims
How We Solve the Problem
The risk of payment fraud is high when exchanging bank account information over email, messages, or phone calls. FraudBlock™ is designed and engineered to eliminate this vulnerability, mitigating this risk at any scale for small, medium, and enterprise businesses.
Neutralize Hackers
FraudBlock™ technology neutralizes hackers that target your exposure or likelihood of being socially engineered into making mistakes by closing the door to their entry altogether.
Mitigate Risk
Risks are measurably mitigated by FraudBlock™ on every transaction by operating within a safe, secure, and protected ecosystem in the sharing of account information on every transaction.
Avoid Losses
Trust, reputation, and financial losses are avoided when using FraudBlock™ by ensuring the parties and accounts being paid are legitimate and the verified recipients for every payment.
Smart Fraud Protection
FraudBlock™ verifies across hundreds of data points to validate party and account information, while placing you in a protected environment, free from hackers and fraudulent external attacks, where businesses can securely share account information to manage payment transactions, 24 hours a day, 7 days a week.
How We Solve the Problem
The risk of payment fraud is high when exchanging bank account information over email, messages, or phone calls. FraudBlock™ is designed and engineered to eliminate this vulnerability, mitigating this risk at any scale for small, medium, and enterprise businesses.
Neutralize Hackers
FraudBlock™ technology neutralizes hackers that target your exposure or likelihood of being socially engineered into making mistakes by closing the door to their entry altogether.
Mitigate Risk
Risks are measurably mitigated by FraudBlock™ on every transaction by operating within a safe, secure, and protected ecosystem in the sharing of account information on every transaction.
Avoid Losses
Trust, reputation, and financial losses are avoided when using FraudBlock™ by ensuring the parties and accounts being paid are legitimate and the verified recipients for every payment.
Smart Fraud Protection
FraudBlock™ verifies across hundreds of data points to valid party and account information, while placing you in a protected environment, free from hackers and fraudulent external attacks, where businesses can securely share account information to manage payment transactions, 24 hours a day, 7 days a week.
Prevent Fraud by Intelligent
Detection
- Using artificial intelligence through machine learning, FraudBlock™ will root out, identify, and flag fake identities, accounts, and potential fraud.
- FraudBlock™ Enterprise API services provide the highest accuracy possible in fraud detection and prevention before it happens.
- Our usage channel and client partnerships span the USA, UK, and Europe, including Fortune 500 companies and mid-level enterprises.
Prevent Fraud by
Intelligent Detection
- Using artificial intelligence through machine learning, FraudBlock™ will root out, identify, and flag fake identities, accounts, and potential fraud.
- FraudBlock™ Enterprise API services provide the highest accuracy possible in fraud detection and prevention before it happens.
- Our usage channel and client partnerships span the USA, UK, and Europe, including Fortune 500 companies and mid-level enterprises.
Millions in vendor payments safe
from hackers
FraudBlock™ eliminates the risk of fraud by removing vulnerabilities of email or open channels of
digital communication as a prime target of attack.
100+
Currently integrated vendors transacting safe payment processing
$100mm+
Over $100 million in fraud-free payments using FraudBlock™ technology
10,000
Scalable to processing fraud detection for over 10,000 payments per minute
Millions in vendor payments safe from hackers
FraudBlock™ eliminates the risk of fraud by removing vulnerabilities of email or open channels of digital communication as a prime target of attack.
100+
Currently integrated vendors transacting safe payment processing
$10mm+
Over $10 million in fraud-free payments using FraudBlock™ technology
10,000
Scalable to processing fraud detection for over 10,000 payments per minute
- Secure Vendor Onboarding
- Secure Payment Transfers
- Eliminate Email Compromise
- Secure Vendor Onboarding
- Secure Payment Transfers
- Eliminate Email Compromise
Advantage
- Accurate & Effective: specializes in providing the highest level of accuracy possible in fraud detection and prevention before it happens.
- Scalable & Fast: cloud-native, 100% born
and built in the cloud, with low latency performance. - Efficiency & Value: replace costly manual employee processes and procedures, reducing organizational risks, and protect customers.
the Advantage
- Accurate & Effective: specializes in providing the highest level of accuracy possible in fraud detection and prevention before it happens.
- Scalable & Fast: cloud-native, 100% born
and built in the cloud, with low latency performance.
- Efficiency & Value: replace costly manual employee processes and procedures, reducing organizational risks, and protect customers.