XTN Cognitive Security has been featured in Datos Insights’ latest report on Scam Prevention as a key vendor.
Emerging technologies such as generative AI are helping criminals refine existing techniques and making it easier for them to innovate and test novel social engineering attack patterns. Fraudsters are employing psychological manipulation to trick individuals into divulging sensitive information or performing actions that compromise their security. This has led to a significant increase in romance scams, investment fraud, and business email compromise, just to name a few.
In April 2024, Datos Insights launched its 2024 Impact Awards in Fraud. This report profiles innovations submitted by third-party solution providers for the Best Scam and APP Fraud Prevention Innovation. XTN Cognitive Security® has gained significant recognition by combining app protection analysis, user behavior evaluation, and transactional anomaly detection. The XTN Cognitive Security Platform provides a more holistic view of potential fraud scenarios that can be particularly valuable in detecting social engineering scams, which often bypass standard strong customer authentication processes. Integrating all these components into a single solution is a key differentiator. XTN’s platform offers tightly integrated modules that can fully benefit from complete and multi-layered data points to evaluate transaction risk. This integrated approach not only enhances the accuracy of fraud detection but also simplifies implementation and management for FIs.
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