Hello Soda has introduced Fraud Web, a groundbreaking tool designed to combat identity theft perpetrated via the dark web.
This platform detects at-risk consumer data and offers solutions for businesses to mitigate potential losses, ensuring both data protection and trust.
Fraud Web serves as a robust tool to combat the increasing instances of identity fraud on the dark web. By assessing consumer data risks and issuing alerts based on threat levels, businesses can act preemptively to secure their data. This proactive measure not only helps mitigate the risks of data exposure but also ensures that organisations are better prepared against potential data breaches.
In addition to risk assessments, Fraud Web enhances business security by validating email addresses and phone numbers. Ensuring that customer details are current and active is crucial in maintaining up-to-date records. This verification process allows companies to refine their data management strategies, enhancing overall customer trust and satisfaction.
Fraud Web incorporates features to aid businesses in complying with AML and KYC regulations. Through screening of politically exposed persons (PEPs) and entities under financial sanctions, organisations can perform due diligence efficiently. Such compliance ensures that businesses not only adhere to legal requirements but also safeguard their operations against unlawful activities, promoting a secure commercial environment.
The financial implications of data fraud are significant, with the average stolen record costing a business $154. This financial burden highlights the importance of adopting comprehensive data protection measures like Fraud Web. By proactively detecting and addressing risks, companies can avert potential losses and protect their financial interests, maintaining profitability in the competitive market.
Implementing Fraud Web is not just about preventing data theft – it is instrumental in building trust with customers. When businesses demonstrate a commitment to data security, they foster stronger relationships with their clients. This trust is a valuable asset that can enhance customer loyalty and provide a competitive edge, ultimately benefiting the business’s reputation and long-term success.
Hello Soda’s Fraud Web has gained recognition for its innovative approach in tackling dark web fraud threats. The platform’s inclusion in the ‘101 Tech Disrupters’ list is a testament to its pivotal role in enhancing cybersecurity. By leveraging big data and text analytics, Hello Soda continues to lead the way in developing forward-thinking solutions that address current digital security challenges.
Fraud Web is essential for businesses seeking to protect themselves and their clientele from dark web threats.
By offering advanced security measures, it not only safeguards data but also cultivates trust and compliance, securing a business’s future.