ID R&D Announces IDFraud Contact Center
New York, NY, USA, May 21, 2020 -- ID R&D, a biometric solutions provider offering AI-based voice, face and behavioral user authentication and anti-spoofing capabilities, announced the release of IDFraud™ Contact Center. This solution addresses the problem of subscription fraud in the contact center, whereby fraudsters use stolen or fake identities to set up new accounts and gain access to Telco services and equipment. Using ID R&D’s Text Independent Voice Biometrics, the voices of new subscribers are compared against other calls to identify occurrences of the same voice with a different claimed identity.
The ID R&D product also compares new customers against a database of known fraudster voices to quickly identify individuals who try to open multiple accounts. As new accounts are determined to be fraudulently opened, those voices are also added to the database.
Telco fraud is growing as criminals find it an easier target than other financial crimes. A Europol report estimates global annual losses now top US $32 billion.
"Based on the strength of ID R&D’s voice biometric technology, IDFraud offers a simple approach to a difficult challenge, solving a fraud problem that was not practical to solve in the past," said John Amein, SVP at ID R&D. "Aside from being easy to get started and fast to deliver a strong ROI, Telcos can implement the solution without adding any friction to the new customer onboarding experience."
Once a criminal is successful at opening an account, they typically try to attack again. In addition to checking callers against a watchlist, the solution can also identify unknown fraudsters by creating a temporary database of recent new customers to identify voices used by multiple identities. The voice biometric system can also estimate age and gender to ensure it matches the reported age and gender of the customer.
Posted by Veronica Silva Cusi, news correspondent
Date Posted: Friday, May 22, 2020
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