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Why Your ‘90s Location Data Fails at Detecting Financial Fraud

  • White Paper
  • Financial Services

How Modern Location Intelligence Unmasks Bad Actors


When it comes to verifying a client’s location online, internet protocol (IP) addresses are useless, a fact that delights fraudsters and bad actors seeking to hide their identity online. In fact, cybercriminals are adept at exploiting IP addresses to conceal their true location.

To aid in financial fraud detection, businesses need a way to accurately and quickly verify where and who a customer is – not where and who they say they are.

And they need to do it in a way that respects privacy and doesn’t add friction to the user experience.

In this white paper you’ll learn:

  • Why IP addresses are useless in fighting financial fraud.
  • How modern location intelligence can reveal a fraudster’s true identity.
  • How geolocation data helps detect suspicious behavior during onboarding and at time of a transaction.