Fraudsters are more sophisticated, better organized, and have a greater impact on the financial services industry than ever before. Individual life, individual annuities, and retirement plans are under attack, but FraudShare can help.
Protect Against Fraud Schemes
FraudShare has helped members identify and prevent account takeover (ATO) fraud since its inception. In partnership with Verisk, FraudShare 2.0 will deliver faster, real-time ATO fraud prevention while enhancing the security, performance, and user experience of existing capabilities. This newest version of FraudShare will run on a Verisk-hosted platform so that it can utilize Verisk’s intelligent automation, advanced analytics, and third-party data to proactively identify fraud in real-time.
FraudShare provides access to the threat indicators used by Fraudsters. This allows participating companies to use the threat indicators to protect themselves from similar attacks. Participating companies can receive real time email alerts, or they can access the data directly via the export or API functionality. Companies that proactively use the threat indicator data to scan their systems and flag interactions or transactions with matching threat indicators prevent more fraud.
FraudShare provides powerful correlation analysis capabilities to help companies recognize and link related incidents. Using this information, additional threat indictors can be identified to conduct more complete and thorough investigations.
FraudShare provides the industry with stats and trending data derived from real and confirmed fraud incidents to help companies better understand how ATO fraud is evolving and impacting the industry. Better data leads to more informed decision making.
Everyone is at risk of a potential fraud attack. Protecting your financial accounts involves several proactive measures designed to safeguard your personal and financial information. The steps outlined below offer guidance on best practices designed to protect your personal information and your financial accounts from being compromised.
Take preventative measures against potential online attacks to keep your information safe.
Combat fraudsters’ social engineering tricks to protect your personal info needed to access your accounts.
Better understand the various fraud attempts you could encounter and take precautions to keep yourself and loved ones as safe as possible.
Continuously monitor your financial accounts using our suggested checklist to ensure all accounts are safe.
Follow these suggested steps and guidelines if you find that you or someone you know has been scammed.
Learn about the features and benefits of FraudShare.
Join the neighborhood fraud watch for financial services. Schedule a demo today to experience the new account takeover alert utility for the insurance and retirement industry.
Learn about the industry hackathon that initiated development.
FraudShare® is a registered trademark of LL Global Services, Inc.
Head of Fraud Prevention and Compliance Solutions
Work Phone: 860-298-3815
