Group-IB's Fraud Protection most complete anti-fraud solution on market -- Frost & Sullivan

SINGAPORE,March 23,2023 -- Group-IB,a global cybersecurity leader headquartered in Singapore,is proud to announce that its Fraud Protection platform has been recognized as the most complete anti-fraud solution currently on the market by Frost & Sullivan,an international research and consulting firm. Out of nine vendors and products surveyed by Frost & Sullivan in its Global Fraud Detection & Prevention (FDP) Market Study,Group-IB's Fraud Protection differentiated itself from other offerings by being the only anti-fraud solution to contain all seven key functionalities listed by Frost & Sullivan,including bot detection,behavioral biometrics,explainable AI,and API security.

Group-IB Fraud Protection is a solution that combines device fingerprinting,fraud intelligence,and behavioral analysis. It already protects more than 500 million users of web and mobile apps for banking and fintech services,e-commerce marketplaces,and gambling sites worldwide against advanced digital threats,malware,payment fraud,social engineering attacks,and bad bots. The solution acts in real-time and across all digital channels,leveraging key Threat Intelligence insights contained in Group-IB's Unified Risk Platform to provide the company's experts with full visibility of the fraud landscape,and they are able to leverage this,and their professional expertise,to turn these insights into actionable anti-fraud strategies for clients and partners. Group-IB's patented anti-fraud technologies enable the company to slow the growing spread of banking Trojans,including Godfather,and also track financially-motivated threat actor groups such as OPERA1ER.

Group-IB’s Fraud Protection most complete anti-fraud solution on market — Frost & Sullivan

"Group-IB's focus has been to create a solution that is both transparent and offers the most complete session monitoring functionality on the market. As attested by Frost & Sullivan,our Fraud Protection solution utilizes explainable AI to ensure that there are no black boxes for our clients. Risk managers who use Group-IB's Fraud Protection are in full control of their operations; they understand how our solution operates and makes its decisions. Group-IB Fraud Protection adapts to our client's risk models,not the other way around. These factors are at the heart of our success," Julien Laurent,Product Marketing Manager (Fraud Protection) at Group-IB,said.

This latest accolade is another feather in the cap of Group-IB's Fraud Protection. Previously,experts at Forrester analyzed the performance of a bank transitioning from one solution to Fraud Protection. This study revealed that the bank could expect to receive a three-year ROI of 130%,with payback in less than six months after implementation.