The first online betting company in Italy, now a European leader. Relies on SEON's IP and email analysis to slash promo abuse rates close to 0%.
One of the largest financial services providers in Central and Eastern Europe. Solves PSD2 and SCA compliance with a custom Device Fingerprinting integration from SEON.
The car rental company operating in 18 countries with 10,000 locations worldwide reduces chargebacks by 23% with SEON's one-click data enrichment solution.
Barion’s Fraud Challenges – Payment Fraud
Barion knows perfectly how to process payments. Fighting against fraudulent ones, however, became increasingly complex as the company grew. “We were spending 10 minutes of manual review on suspicious transactions,” Sandor Kiss, CEO says. “And the number of reviewed transactions was x3 times that of the chargeback rate, so we knew our system was inefficient there.”
Creating a safe environment for Internet users doesn’t protect VPN companies from cybercrime themselves. Chargeback fraud is especially frequent, and in the case of Buffered, a threat to their existence. “We knew our military-grade encryption was one of our USPs,” says Gergely Kalman, CEO at Buffered. “But fighting against fraud was eating into our margins, which was seriously going to damage us in the long term”
Multinational brand with 20+ years of financial market and online-trading experience. Uses SEON's data enrichment modules to complete their multi-layered fraud prevention and to reduce chargeback rates by 45%.
Online marketplaces of any kind are fertile ground for scammers. It’s easier than ever to acquire fake credentials and stolen credit card numbers, which fraudsters use to purchase tickets. They then resell them for real profit to unsuspecting buyers, which means real fans are often in for a bad surprise.
As E-Goi rapidly grew, they suffered from a surge in bad users. Fraudsters used their automation tool to send batch phishing emails and acquire personal information. These criminals would sign in with fake credentials and stolen credit card information, which cost E-Goi on chargeback fees and also damaged their reputation.
The trading company faces two major challenges in its day-to-day operations. Firstly, they act as a digital wallet, allowing users to deposit money using a credit card which makes them a number one target for fraudsters. Secondly, they cover risky markets known for high chargeback rates. In Latin America, for instance, chargeback rates were so high that the company feared Visa and MasterCard might issue warnings.
A fast growing company always makes you a target for fraudsters, and this is particularly true in the world of online lending. Sun Finance’s challenges were the ones other companies in the vertical are struggling to fend off, namely: fake identity fraud, synthetic identity fraud and ATO (account takeover).
Running a iGambling company always involves treading a thin line. On the one hand, you want new players to sign up attracted by your bonuses. On the other, you don’t want to open the door too wide for fraudsters and advantage players, who leverage easy onboarding processes to create multiple accounts in order to abuse bonuses and offers. This balancing act was precisely at the core of MaxEnt’s fraud challenges.