Account Takeover Fraud Prevention Solutions
Early detection and prevention
Account Takeover (ATO) Fraud has recently experienced a staggering surge. Between 2019 and 2021 ATO fraud increased by over 300% across the globe.1
Bad actors can use ATO successes as a launching pad to infiltrate an organization’s entire system, which can lead to national or even global negative press that can damage your organization’s hard-earned reputation.
You need an ATO prevention solution to help safeguard your customer’s accounts and your company’s reputation.
Key Features
Get A Daily Update of Client Fraud Risk
Alessa provides you with a comprehensive daily report on client risk, emphasizing individuals whose risk scores have exceeded your company’s predetermined threshold within the previous 24 hours. Through our Risk Level Change Dashboard, your team can effortlessly start each day focused on client accounts displaying indications of fraudulent activity.
Fraud Risk Scoring You Control
Develop a risk scoring model that matches your establishment’s risk tolerance, so you have a complete picture of each of your clients. Working in tandem with our other modules, Alessa allows you to update client risk scores in real-time as new data comes in.
Real-Time Transaction Monitoring
Powered by machine learning, Alessa can monitor all of your clients’ transactions to quickly flag high-risk issues so you can take immediate action.
Customizable Resolution Workflows
Based on your organization’s processes and risk tolerance, Alessa can help you make the right decisions about suspicious activity. For example, you may want to set-up a grading system that dictates how an account should be managed based on a client’s risk score. With Alessa, you can also integrate automation to immediately shut down risky accounts when they surpass your organization’s risk threshold.
Industries We Serve
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Account takeover fraud prevention is just one solution in Alessa’s integrated platform. It is powerful on its own, but when used in collaboration with our AML solutions and additional fraud management solutions, you can benefit from:
Integrated FRAML Platform
Combining all relevant data into a single, user-friendly platform, Alessa allows you to easily detect money laundering and fraudulent activities such as account takeover fraud.
IDV & KYC
Alessa integrates with your onboarding system to verify identities in real time which means you can complete due diligence in minutes, validate customers faster and protect your organization.
Continuous Controls Monitoring (CCM)
Alessa provides early detection of abuse, misuse, and waste in your business processes and activities. Powered by rules-based analytics, Alessa automates process monitoring and analysis to quickly flag suspicious activities.
Procurement Monitoring
Alessa provides state-of-the-art monitoring and analysis to protect your business. Fraud schemes can be complex, and Alessa’s comprehensive analytics can help you actively detect and manage your risk.
Watchlist and Sanctions Screening
Alessa uses current sanction lists, OFAC, law enforcement, PEPs adverse media, crypto and your own internal high-risk lists to provide expansive insights into the risks associated with any customer or entity.
Transaction Monitoring
Our AML transaction monitoring gives you instant results and faster decision-making capabilities. Alessa provides immediate insight into suspicious activity for accurate transaction monitoring leading to fewer false positives.
Regulatory Reporting
Regulatory reporting can be the most time-consuming task you have, but it’s also one of the most important. With Alessa, your reports are automatically filed and validated in minutes – saving you hours of manual entry and ensuring fewer rejected reports.
Schedule a Free Demo
Quickly detect and investigate suspicious and fraudulent activity with Alessa’s Account Takeover Fraud Prevention Solution.
Book your complimentary demo today.
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