Press Release

Check Fraud Prevention and Ways to Spot

Scammers both in Europe, in the USA, and all over the world are taking many forms to look convincing. If you provide your business Online or if you are a web customer you need to have the financial knowledge and protect yourself with fraud prevention tools.

Main ways for fraud detection

In order to provide fraud detection, first of all we need to spot the strange and suspicious activity in web. For such purpose pay attention to the following phrases:

  • ‘Deposit the check and send back money’.
  • ‘Keep this operation private, and don’t talk to anyone including your bank’.
  • ‘Done it quickly’.

Scammers know about fraud prevention tools and do their best to convince a victim to act quickly and without consulting to anyone. If you doubt some financial situation in web do not hesitate to talk to family member, friend or bank manager. It is much better to take your time than to regret the swift decision, which may have negative results.

That is why it is important to rely on risk management software, when you just begin your way through the web financing tools.

Covery: anti-fraud System

After learning about fraud detection you may try to search for fraud prevention tools. In this case turn attention to special risk management software. One such reliable anti-fraud System is named Covery and provides its users with:

  • trustchain;
  • device fingerprinting;
  • machine learning and rule scenarios;
  • KYC/KYB/AML automation.

Moreover, this anti-fraud System together with fraud prevention tools can give the client in-depth analysis, advanced reports, and even decisions for different situations. That will improve your knowledge and understanding in this area and prevent the possible mistakes.

Try to implement Covery fraud prevention tools to secure your private or business accounts from identity thefts, frauds with credit cards, account takeovers, bot attacks and fraudulent traffic.

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