GRC Viewpoint

Top 10 Fraud Management Solution Providers 2023

An effective fraudulent activity can be harmful in unexpected ways. The damage could be organizational, reputational, or financial. The impact also varies. The fraud management landscape is quite advanced and equally complicated. The intensity of fraud activities is higher than earlier.

Early fraud identification via tools and software for fraud detection is one of the impactful strategies to combat fraud. These solutions are made to improve and help with analysis, detection, and management of fraud. The companies that are most at risk for these kinds of crimes are also the ones who stand to gain the most by employing fraud control systems.

The fraud management industry is not unresponsive to the new trends. Although fraud activities are intense and advanced, the research and investments in these activities have paved the way for a new range of innovative solutions. Our team has taken a special interest in analyzing and zeroing in on the solutions perfect for the current fraud management landscape.

This edition combines the result of our analysis. We have included a list of the top 10 fraud management solution providers offering innovative solutions.

Forter helps clients to drastically lower chargebacks and safeguard financial stability by correctly detecting and preventing known and new fraudsters with similar tendencies. The firm’s expertise lies in fraud management, chargeback recovery, abuse prevention, identity protection, and many more.

The firm’s technologically advanced solutions assist companies in preventing fraud and recouping lost money, enabling them to go on operating profitably and expanding. The enterprise assists merchants in tracing the true reasons for their difficulties and locating the true origins of their problems.

DataDome is focused on managing online fraud and bots. The firm is all set to eliminate false traffic.

With its full complement of cutting-edge technologies, Kount delivers unrivaled security. Kount has you covered whether you want account protection, data analytics, chargeback management, or assistance with compliance standards.

Origami Risk offers integrated SaaS solutions to assist businesses in transforming how they handle crucial workflows, use analytics, and interact with stakeholders. These businesses include insured corporate and public entities, brokers and risk consultants, insurers, third-party claims administrators (TPAs), risk pools, and more.

An AI platform called Ferret was designed from the bottom up to provide businesses and people with timely, impartial knowledge to help them recognize dangers and seize opportunities.

Nethone has unequaled success in detecting and preventing account takeovers and payment fraud because of its online user profiling and ML technologies.

The ClearSale platform offers a range of top fraud management and prevention software applications specifically aimed at the eCommerce business. Among the notable customers are Under Armour, Asus, Office Depot, and Timex.

Businesses may use Signifyd to automate orders while maintaining the entire procedure. With the help of its insight reporting tool, you can create unique data visualizations and reports to effectively manage data and make smarter business decisions.

Sift Businesses now have access to Sift, a platform for digital trust and safety offering a wide range of solutions. Numerous well-known businesses, including McDonald’s, DoorDash, Wayfair, Pateron, and Twitter, have used this platform.