In the age of call spoofing, it’s important to identify and flag suspicious phone numbers that can be used by fraudsters. Not only does this help protect your customers, but it can also prevent damage to your brand and reputation. Imagine if criminals spoofed your business number to scam people under the name of your organization. That could lead to a significant loss of revenue and tarnish your business’s reputation.
Analyzing phone numbers for fraud risk detection can provide a comprehensive and reliable set of tools for protecting your business from fraudulent behavior. Specialized fraud risk scoring algorithms can analyze patterns, anomalies, and trends to detect and mitigate fraud threats in their early stages. Continuous monitoring and adjusting scoring outcomes help businesses stay ahead of fraudsters as they develop new tactics to exploit vulnerabilities.
Analyze Phone Numbers for Fraud Risk Detection
Phone Fraud Risk Scoring identifies fraud risks by assessing phone numbers and verifying them against known bad actors. The process includes multiple data checks such as the number’s location, whether it’s a landline or cell phone, the type of carrier (AT&T, Verizon or T-Mobile), and other factors that can indicate a high level of risk. This information is then compared against other data from the IPQS Global Identity Network.
Additionally, a reverse phone lookup can reveal more details about the owner of the number including a history of previous fraudulent activities. It can also check how often the number has been seen in the Global Identity Network, allowing you to identify patterns that are common among fraudsters and prevent their attempts at committing fraud.…