Are These Critical Fraud Challenges Undermining Your P2P Platform's Security?
Safeguard your P2P platform by tackling fraud head-on, restoring user trust, and reducing costly reimbursements and regulatory scrutiny.
High Account Takeover Rates
Phishing, credential stuffing, and social engineering let fraudsters drain P2P balances within minutes, eroding trust and driving costly reimbursements.
Real-Time Transaction Exploits
Instant payouts give risk teams mere seconds to react; stolen funds often leave the ecosystem before manual reviews can begin.
Synthetic Identity Fraud
Blended real-and-fake credentials bypass basic KYC, creating mule accounts that monetize referral bonuses and launder stolen funds.
Limited Dispute Resolution Tools
Sparse chargeback workflows and patchy evidence gathering frustrate victims, invite regulatory scrutiny, and inflate operational overhead.
FraudNet: Transforming Security with Real-Time Fraud Solutions
Enhance P2P security, prevent fraud, and boost trust with FraudNet's advanced, real-time protection solutions.
Real-Time Transaction Monitoring
Millisecond risk scoring blocks high-velocity theft before funds leave.
Continuous Entity Screening
Ongoing ID, device, and IP checks flag compromised or synthetic users.
Behavioral Biometrics
Typing, swipe, and device signals expose impostors without user friction.
Automated Case Management
Unified workflows speed investigations, refunds, and compliance reporting.
AI-Native Real-Time Detection
Harness the power of FraudNet to secure every transaction in the blink of an eye. By leveraging global fraud intelligence, our system prevents account takeovers before they happen, safeguarding your users' funds and preserving trust in your P2P platform.
Unified Risk & Dispute Console
Streamline your fraud response with a unified dashboard that consolidates alerts, evidence, and refund workflows. Enhance your team's efficiency by reducing investigation time and manual labor by up to 60%, enabling you to focus on delivering seamless P2P transactions.
Adaptive Behavioral Analytics
Enhance your security with adaptive behavioral analytics that continuously profile user, device, and network activity. Identify anomalies early to minimize false positives, enhance user satisfaction, and maintain trust, ensuring seamless protection without disrupting your peer-to-peer payment ecosystem.
Impact & Results
Delivering Results that Matter
We don’t just promise better fraud control—we deliver tangible improvements that protect your business.
97%
Fewer False Positives
Approve more valid transactions confidently.
88%
Fraud Reduction
Experience double-digit reductions in fraud-related chargebacks
60%
Cost Savings
Save time and resources while securing your revenue.
Why FraudNet
Future-Proof Your Fraud & Risk Program
With an integrated platform designed for precision, agility, and impactful results, enabling your team to make smarter decisions, improve operational efficiency, and fuel your business growth.
Customizable & Scalable
No-code rules engine, flexible dashboards, and tailor-made machine learning models that are designed to adapt seamlessly and scale alongside your business.
End-to-End Platform
Unify fraud detection, compliance, and risk management into one powerful solution, saving valuable time and streamlining your operations.
AI Precision You Can Rely On
Reduce false positives, detect and prevent more fraud, and mitigate risk with highly accurate, real-time risk scoring and anomaly detection you can trust.
Real-Time Fraud Intelligence
Leverage advanced analytics, comprehensive reporting, and our Global Anti-Fraud Network to make faster, smarter decisions on the spot.
Testimonials
Real Success From Real Teams
Fraud.net’s flexibility has helped our AfterPay business grow by allowing us to meet our increasingly complex customer and country requirements. Their platform has enabled Arvato to increase our agility and significantly reduce fraud attacks.
Director Risk & Fraud, Arvato
FraudNet's combination of customized machine learning and flexible rules management has been transformative. We've achieved dramatic efficiency gains while maintaining robust fraud protection - a game-changer as we navigate evolving regulatory requirements.
Head of Financial Crime, Countingup
The great usability of Fraud.net is night and day when comparing it to our prior risk prevention platform. Reporting is also faster, more straightforward, and more impactful. With Fraud.net, we can easily visualize and share findings, providing our leadership with a clear understanding of the return-on-investment for our activities in real-time.
Fraud Manager, Global Financial Institution
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FAQs
What is a P2P account takeover?
A P2P account takeover occurs when a malicious actor gains unauthorized access to a user's peer-to-peer payment account. This can lead to fraudulent transactions, theft of personal information, and potentially significant financial loss. Attackers typically use stolen credentials, phishing, or social engineering tactics to compromise accounts. Detecting and preventing such takeovers is crucial to maintaining user trust and security in P2P payment platforms.
How can P2P platforms detect account takeover attempts?
P2P platforms can detect account takeover attempts by implementing advanced fraud detection systems that monitor for unusual account activity, such as login attempts from unfamiliar locations, rapid changes in account information, or high-frequency transactions. Machine learning algorithms can analyze patterns and flag anomalies. Additionally, multi-factor authentication (MFA) and user behavior analytics can help identify suspicious activities early, allowing platforms to take preventive measures before significant damage occurs.
What role does multi-factor authentication play in preventing account takeovers?
Multi-factor authentication (MFA) adds an additional layer of security by requiring users to provide two or more verification factors to gain access to their accounts. This significantly reduces the risk of account takeovers, as even if a malicious actor obtains a user's password, they would still need access to the second factor, such as a one-time code sent to the user's smartphone. Implementing MFA can greatly enhance the security of P2P payment platforms and protect users against unauthorized access.
Why is educating users important in preventing P2P account takeovers?
Educating users is vital in preventing P2P account takeovers because informed users are more likely to recognize and avoid phishing attempts, social engineering tactics, and other fraudulent schemes. By providing guidance on creating strong passwords, recognizing suspicious emails, and understanding the importance of MFA, platforms can empower users to protect their accounts proactively. User education also helps build trust and encourages safer online behaviors, ultimately reducing the risk of account takeovers.
What are some common signs of a P2P account takeover?
Common signs of a P2P account takeover include unexpected changes in account settings, unfamiliar transactions, login alerts from unknown devices or locations, and notifications of password changes that the user did not initiate. Users may also receive security alerts or find that they are unable to access their accounts. Recognizing these signs early is crucial so that users can report suspicious activity and take immediate action to secure their accounts.
How can P2P platforms help users recover from account takeovers?
P2P platforms can assist users in recovering from account takeovers by providing a clear and efficient process for reporting incidents and securing compromised accounts. This includes offering dedicated customer support, guiding users through resetting passwords, restoring access, and reviewing recent transactions for fraudulent activity. Additionally, platforms should investigate the cause of the takeover to prevent future occurrences and, where possible, recover lost funds. Effective communication and support can help rebuild user trust after a security breach.