Customer suspicious login alerts

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Additional Info

Company (that provides the nominated product / solution / service)Deduce
Websitehttps://deduce.com/
Company size (employees)1 to 9
Type of solutionSoftware

In 3 bullets, summarize why this product or service is different from the competition and deserves recognition:

1. Deduce is the first company in the world to democratise suspicious login alerts, starting from $200 per month, or 1% of the cost of systems previously available. Our offering is so unique that in our first three months of operation we have already been nominated in the Global Excellence Awards, Edison Awards, Fast Company Awards and SC Trust Awards For Best Identity Management Solution.

2. The adoption of online account alerting thwarts money laundering global fraud rings (via the dark web) that fund terrorism, child abuse, human trafficking, drug and gun-running. Using a network effect, the more accounts that are secure, the more companies and other people’s accounts are also secure.

3. Launched on September 1, 2020 we already protect over 75 million accounts and are alerting 45,000 people a day to a breach attempt, allowing them to immediately reset their password. We have proven to reduce the instance of account take-over damage by more than 90%, at a fraction of the cost of incumbent systems.

Brief Overview

Deduce Customer Alerts has changed online fraud technology forever, providing real-time online account login alerts for 1% of the cost of systems previously available.

Before now, suspicious login alerts have only been available to businesses who could afford million-dollar-plus Identity Access Management Enterprise Suites to protect their client’s accounts. Small and medium sized companies can now secure their user’s online accounts from $200 per month.

Deduce is the first company in the world to democratise this alerting capability and now offers companies of all sizes the opportunity to secure their users online accounts from identity fraud, global fraud rings, and money laundering via the dark web. These despicable crimes go on to fund terrorism, child abuse, human trafficking, drug and gun-running.

Typical fraud tools focus on identifying risk using techniques to detect anomalies across a user’s network, device, or behavioral interactions at a given moment in time. They are most effective at identifying bots and automated traffic, but know little about the identity of users.
In contrast, we augment existing fraud and risk management tools by providing a unique perspective into a specific user’s behavior across billions of historical interactions. Given a wealth of telemetry data, discrepancies can be detected against a user’s expected online activity to isolate fraud.

This move from remediation to prevention is crucial to both shut down the black market economy and deliver on ever-growing customer expectations of online safety.

Launched on September 1, we already protect over 75 million accounts and are alerting 45,000 people a day to a breach attempt, allowing them to immediately reset their password. We have proven to reduce the instance of account take-over damage by more than 90%, at a fraction of the cost of incumbent systems.