With Fraudster Hunter’s ability to pinpoint and track potential fraudsters, buguroo has reinforced the already proven benefits that its solution offers in the fight against online fraud. de la Riva explains, “Every fraudster follows a pattern. Fraudster Hunter comprehensively assesses their actions to gain intelligence about the ‘modus operandi’ and hunt them down.” Through enhanced visibility, buguroo enables companies to discover unbeknown victims affected by fraud and stay one step ahead. In addition, the tool reveals cyberthreat scenarios, predicts possible malicious campaigns, and freezes fraud transaction in real-time. Alongside, it reduces the time spent on investigation and digital forensic analysis of any kind of cyberattacks.
As opposed to other anti-fraud detection solutions, buguroo takes a ‘greylisting approach,’ where it averts false positives and false negatives to detect even the most sophisticated threats.
Fraudster Hunter comprehensively assesses their actions to gain intelligence about the ‘modus operandi’ and hunt them down
As a powerful anti-spam technique, greylisting filters unnecessary traffic flowing into the network while driving compliance. With this approach, the company helps financial institutions overcome the limitations of traditional fraud defense tools and steer clear of the evolving threats. At the same time, buguroo’s technology also can accelerate compliance with PSD2 and RTS.
buguroo has been playing a pioneering role in helping the financial institutions around the world protect themselves and their customers from threats such as phishing, malware attacks, and account takeovers. A recent client success story involves a Spanish bank, with over 1,000 branches, providing online banking services to more than a million users. The client was looking for a solution that would provide them with increased visibility of the risks and threats that originate while customers browse or transact from devices that might have been infected. With buguroo, the bank was able to seamlessly discover transactions with high risk and freeze the ones that showed signs of being fraudulent.
Today, buguroo’s ability to detect sophisticated attacks in a short span of time has garnered it the recognition of being one of the fastest and most accurate fraud detection solutions in the market. For the future, the company is planning to expand its intuitive fraud detection solution’s reach across the globe. “With online fraud expected to multiply, both in number and sophistication, we are here to make it easier for businesses to secure themselves,” concludes de la Riva.
buguroo and Lookout Partner to Mitigate Cyber Threats
This new strategic partnership aims at providing a cloud-based, deep learning approach to mitigate cyber threats and fraudulent activities on mobile apps and online channels in real-time.
FREMONT, CA: As mobile payments are beginning to transcend in many markets, mobile financial fraud is equally rising. Fraud is common in all financial services, but now one-third of all fraud attacks are targeting mobile devices. “Online banking fraud has reached a new level of sophistication where fraudsters are taking over the accounts of legitimate customers to commit fraud,” says Pablo de la Riva, Founder, and CEO of buguroo. A study shows that mobile fraud transactions have increased by 600% in just three years. Read More