Best Ways to Prevent Fraud with Email Address Assessment

Your customers demand the ability to interact with your business through multiple digital channels. At the same time, they want you to recognize their identity quickly, give them fast access to your system and assure them that fraudsters cannot hijack their account. This is a difficult balance to achieve without the right fraud detection solutions.

Email addresses provide a deep behavior trail that is uniquely indicative of an individual’s unique behavioral pattern and history. best ways to prevent fraud with email address assessment intelligence from LexisNexis’ email verification solutions can help you identify suspicious activity at the earliest stage, so you can stop fraudsters in their tracks and prevent costly damage.

Best Ways to Prevent Fraud with Email Address Assessment

Using an email address assessment can reduce chargebacks and curb bonus abuse, as well as detect a range of other fraudulent activities such as phishing and account takeover attempts. ASSESS uses advanced technology to conduct a thorough risk assessment of an email address including domain details, risk indicators and, when available, other personally identifiable information. It also checks if an email is in the dark web, has been blacklisted or is on a cash-parked domain, which are all key indicators of cybercriminal intent.

Another important step in fraud prevention is understanding how to spot a phishing attempt, especially when the email is from a CEO asking you to pay a wire transfer or requesting new account details. These requests create a sense of urgency that can spook employees and lead them to make poor decisions in the moment. A good cybersecurity staff training program should include lessons on how to spot a phishing attempt in real time.