Attacks by hackers and fraudsters are responsible for billions of dollars worldwide in fraudulent financial transactions each year. These Internet pirates are getting faster and smarter and are able to get around many of the costly security measures which are meant to protect against them. It’s time to step up security for financial institutions and their customers. Spriv’s transaction verification solution foils even the most sophisticated attacks.

Malicious code running on the user’s computer can hijack a user’s authenticated session without detection by the online banking application or the end user. Fraudulent transfers to mule accounts are initiated once the session is jeopardized. The only way to protect against these attacks is to authenticate the transaction through a secondary, or out-of-band, channel. Spriv does this automatically with no user intervention.

Simple integration

It’s easy to add Spriv online banking transaction verification and fraud scoring systems to authenticate transactions. Since Spriv’s system of verifying transactions is so easy and cost effective, more transactions can be flagged for verification with no impact on the user experience. Because Spriv can authenticate the transaction automatically in the background without the need for user intervention, the option now exists to allow anti-fraud platforms to authenticate not only the high risk transactions, but also the medium and low risk transactions. In addition, Spriv’s Transaction Verification can be used to authenticate any high-risk transaction or event For example: remote login, password resets, money transfers, account changes and more.