Innovative, effective real-time fraud prevention for corporates
Corporate treasury is under increasing pressure: payment fraud is on the rise and corporate fraud management needs are growing. Fraud is a billion-dollar business. Remote working and Covid-19 have all acted like rocket fuel to propel recent worldwide increases in more frequent and sophisticated fraud. Corporate treasury teams must face these challenges head-on, at a time of rapid growth of in instant payments and the expansion of the digital economy.
NetGuardians overcomes these challenges AND spots and stops more fraud.
Efficiency runs through NetGuardians’ fraud prevention software. By learning and analyzing the behavior of each and every payee in real time, NetGuardians software correctly identifies outlier transactions associated with each payment, dramatically increasing the fraud-detection rate without adding friction.
Types of frauds NetGuardians prevents in real time include:
- CEO Scam and BEC
- Fake Invoices
- Social engineering
- Internal fraud
- And many more
Because the solution is cloud-ready, fully scalable and has self-learning capabilities, new and previously unseen types of fraud and cyber-attack are spotted and stopped without the need for additional customized models to be developed and deployed. This allows your organization to maintain effective and unintrusive payment operations, whilst keeping investigation costs low. NetGuardians’ Collective Intelligence, coupled with inbuilt self-learning, helps subscribers anonymously and privately benefit from shared risk signals from their peers.