DataVisor, the leading fraud detection company with solutions powered by transformational AI technology, today announced that it has been recognized by Gartner in its Cool Vendors in Identity and Access Management and Fraud Detection report.
“We’re honored to be recognized by Gartner as a Cool Vendor,” said Yinglian Xie, CEO, DataVisor. “In our opinion, Gartner’s insights are instrumental in helping organizations understand and adopt the most advanced fraud detection and prevention solutions and strategies. We at DataVisor believe our recognition in this report underscores our innovative contributions to the industry and reinforces our mission to leverage unsupervised machine learning techniques for continuous, effective fraud protection across the account lifecycle.”
Unsupervised Machine Learning Helps DataVisor Stand Out
As consumers turn to online banking in the wake of the COVID-19 pandemic, financial platforms and online marketplaces have been hit hard by increased fraud rates. According to recent DataVisor research, account takeover attempts have increased by 20% and new account fraud increased by 40% since the beginning of March. Advanced fraud detection solutions that leverage unsupervised machine learning (UML) help to identify potentially fraudulent behavior by spotting unusual patterns in the data. These solutions can uncover relationships between input data and detect known and unknown threats in real time, to stop an attack before it wreaks havoc on customer accounts.
For more information about DataVisor’s digital fraud solutions, visit www.datavisor.com.
Gartner, “Cool Vendors in Identity and Access Management and Fraud Detection,” Felix Gaehtgens, Michael Kelley, Henrique Teixeira, Akif Khan, Jonathan Care, 26 May 2020.
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DataVisor is the leading fraud detection platform powered by transformational AI technology. Using proprietary unsupervised machine learning algorithms, DataVisor restores trust online by enabling organizations to proactively detect and act on fast-evolving fraud patterns and prevent future attacks before they happen. Combining advanced analytics and an intelligence network of more than 4.2B global user accounts, DataVisor protects against financial and reputational damage across a variety of industries, including financial services, marketplaces, e-commerce, and social platforms.