SEON
https://seon.io

At SEON, we strive to help online businesses reduce the costs, time, and challenges faced due to fraud. Whether you are a global financial leader or a small eCommerce, our solution simplifies fraud management so you can focus on what matters: growing and scaling your company.

Our talented team of consultants and developers is there to create a safer environment for online businesses. Cybersecurity is our passion. Anticipating risk vectors is our expertise. SEON is how we create a unified solution that combines ease of use, flexibility, and the ability to tackle complex problems in a simple way for your business.

Creandum

Discovery Ventures

Charles Delingpole

Eamon Jubbawy

Jan Deepen

Laurence Krieger

Leo Nilsson

Maximilian Tayenthal

Peter O' Higgins

Stefan Jeschonnek

Valentin Stalf

PortfoLion Capital Partners

Crew Capital

SEON

In today's digital world, staying connected is easier than ever, but so is the opportunity for fraudsters to collaborate and refine their deceptive tactics. The landscape of fraud, money laundering, and financial crime is evolving, with criminals joining forces to launch sophisticated attacks and exchange illicit services. 

The traditional, static approaches to fraud detection are no longer sufficient. These methods are quickly outmaneuvered by savvy fraudsters who adapt at a rapid pace. ⚡ 

To stay ahead, adopting a holistic strategy is crucial. Although still an essential element of fraud detection, it's not just about monitoring transactions anymore. It is equally important to identify and stop fraudsters at the onboarding stage, preventing them from infiltrating your ecosystem.

This process involves digging into their digital footprint, checking their online history, social profiles, and IP addresses, and using device intelligence to spot unusual hardware and software settings that may indicate fraudulent activity.

It has to go hand-in-hand with Anti-Money Laundering (AML) monitoring to maintain compliance, protect your profits and expand your business. 📈 

Adding machine learning into the mix enhances your defense, allowing you to detect unusual behavior and patterns with high precision, continually improving over time with your data. 

When available within one unified platform, this approach also takes the burden off your risk and compliance teams, reducing the need for manual reviews. 

The beauty of this holistic and advanced strategy is that you leverage the data you already have and you can integrate it smoothly with your systems, enhancing your operations without impacting the customer experience.

There IS a way to out-innovate fraudsters. 💪 


Harnessing the power of digital trails left online, digital footprinting transcends traditional verification methods to offer a robust defense against fraud. 🛡 

From email and phone analysis to IP and device checks, digital footprinting offers a holistic view of an individual's online identity. It's not just thorough; it's swift, using real-time behavior to spot potential fraud faster.

Consider this: during the onboarding process, digital footprinting can reveal suspicious signs, like mass-generated emails or repeated password patterns – subtle hints that traditional methods might miss but are telltale signs for fraud rings attempting to infiltrate your platform.

And it's not just about spotting fraud at the onboarding stage. Digital footprinting dives deep into user behavior, providing insights that refine risk assessment and determine a customer’s financial affordability. 

Moreover, in cash-based countries that cannot rely on traditional credit trail histories, leaning on social signals and behavioral data is another way to consider affordability. 

With over 1.4 billion unbanked adults – and 7.1 million households in the US alone – digital footprinting presents a new, innovative way to establish the veracity of a customer while rooting out bad actors with as little information as an email address or phone number.

46% of businesses worldwide grapple with fraud and economic crimes, with 49% of CEOs placing cyber risk at the top of their concerns for the year ahead. 

This makes the decision between building a custom fraud solution or investing in a ready-made platform more crucial than ever. 

Here are some key aspects to consider when looking for an anti-fraud solution that will protect your customers and your business 💡

✅ Proven success and expertise: Choose a provider with a strong track record in your industry and positive outcomes. Find a partner who understands evolving threats and knows how to protect your business.

✅ Scalability: Opt for solutions that can grow and adapt to your business needs.

✅ Customization: Seek platforms that offer initial rule sets with full customization options to meet changing needs.

✅ Transparent machine learning: Be sure to check solutions for transparent decisioning and whitebox and blackbox machine learning to keep you in control.

✅ Regular, low-impact updates: Look for solutions that offer regular updates without disrupting your business operations.

✅ Easy integration and user-friendliness: Prefer an API-first approach for hassle-free integration. In addition, a simple interface ensures ease of use and adoption across teams.

It all comes down to choosing a fraud prevention solution that scales, adapts, and supports your business effectively.

In today's digital world, the landscape of fraud is evolving rapidly, with US businesses feeling the pinch. For every dollar lost to fraud, retailers shell out $3.75, while for financial institutions, this cost balloons to $4.36. 

Alarmingly, global fraud expenses are hitting a record $5.13 trillion each year, marking a 56% surge over the last decade. 📈 

It’s not just about numbers; advanced tech like AI and machine learning lets cybercriminals craft sophisticated scams, from creating fake identities to launching massive phishing attacks. 🤖 

That's where digital footprinting comes in, a game-changer in spotting and stopping these advanced schemes. It's crucial in an era where consumers demand quick, seamless online experiences, pushing companies to balance top-notch security with smooth user interactions. 

Digital footprinting is about gathering and examining data from someone's online presence and activities, using real-time data and a broad spectrum of social and digital signals. It helps confirm customer details more reliably, distinguishing between genuine and fake transactions swiftly and accurately.

With a digital footprint check, businesses can stop fraud earlier in the journey by leveraging unmatched customer insights without introducing friction.
 
Welcome to the age of digital footprint-driven fraud prevention, tailor-made for the digital-native world. 👣 

#digitalfootprint #digitalfootprinting #fraudprevention 

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SEON is a technology company that provides device hashing and fingerprinting solutions to help businesses prevent fraud and identity theft.

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