Empello FraudStop – Cyber Security Solution for Carrier Mobile Payments
Photo Gallery
 |
 |
Empello FraudStop – Cyber Security Solution for Carrier Mobile Payments
Additional Info
| Company | Empello Ltd |
| Website | empello.com |
| Company size (employees) | 10 to 49 |
Overview
FraudStop was created as a response to the increasingly sophisticated fraud techniques we were seeing in the DCB/VAS market. Where previously we had seen misleading advertising flows and prefilled SMS messages tricking consumers into making payments through social engineering techniques, we started to see MSISDN injection and mobile app based malware triggering transactions without the consumer’s knowledge through the use of technology.
FraudStop is a cyber-security platform that identifies fraudulent payments in the carrier billing environment.
FraudStop differentiates between genuine transactions by users and fraudulent transactions generated on users’ handsets without their knowledge or injected into the network layer with a range of measures including: IP validation, Device fingerprinting, Click behaviour, Browser/App presentation, i-Framing, Suspicious traffic sources
Each transaction is validated against 100s of criteria within milliseconds to identify fraud, including: App malware, I-Framing, Bots, URL spoofing, MSISDN Injection
A token is assigned to a user with suspicious parameters recorded against the token. Transactions without a valid token, or with any of Fraudstop’s blocking criteria flagged, are notified to the payment provider.
To counter new and emerging threats, FraudStop uitlises a detection engine using machine learning to continuously evolve and learn. This is supported by data from its sister platform, FraudScan, which identifies rogue applications and new suspicious traffic sources by automated testing, as well as manual testing.
FraudStop is deployed via a simple script, typically on the payment page. The solution provides authorised parties with real-time access to track attempted fraud, which is delivered through a dashboard.
FraudStop runs on AWS infrastructure hosted on servers in London, Sao Paulo and Singapore to minimise latency. We also operate a fleet of locally hosted mobile devices across the 30+ countries Fraudstop operate.
How we are different
We attempted to team up with traditional payment platform cybersecurity providers, but due to the nature of DCB flows on mobile devices traditional fraud providers struggled to identify this type of fraud. We realised that with our extensive experience and knowledge in the Telco space we were best placed to solve the issue and FraudStop was born. Today we are the leading provider of DCB cybersecurity solutions globally.
The machine learning algorithm within Fraudstop benefits from extensive research and testing undertaken by our dedicated team of highly experienced compliance analysts that operate across more than 30 markets globally. We perform more than 50,000 tests a month to feed in to the AI, which itself performs more than 15 million scans a month. This makes our algorithm better than our competitors who's manual research and detective work is nowhere near as extensive.
As well as our extensive on-going compliance analysis, we keep abreast of the latest academic research in the area and apply it to the real world to combat VAS specific threats as they arise. It is a constant challenge to stay one step ahead of fraudsters as technology is continually evolving. The protection Fraudstop provides helps to create a fair, secure and healthy ecosystem for carrier payments to faciliate both the growth of the industry as well as the safer adoption of more frictionless customer journeys.
