Fraudscore check is a fraud prevention tool that uses an evaluation of an action’s risk to inform decision making and help protect businesses from unexpected financial losses and security risks. Fraud scores take into account a variety of factors, such as prior fraudulent activity on your site or network and data indicators that stay consistent across transactions like shipping preferences or IP addresses.

Ultimately, the score allows you to take real-time actions depending on the risk level of an action. For example, a high fraudscore check may indicate that the user needs to pass additional authentication steps such as selfie ID or two-factor verification. This ensures that no one can impersonate the real customer, and the business remains secure.

Assessing Risk: The Importance of FraudScore Check

The risk scoring system is completely customizable and can be adjusted for a particular business. This is particularly helpful for e-commerce, where the score can determine whether or not an order should be rejected and automatically pushed to manual review. It also helps regulated industries like banking or insurance, as well as small businesses that need to arm their procurement teams with the ability to make a quick decision about whether or not to accept an order.

SEON offers industry-preset rules as well as machine learning-suggested rules that allow you to customize the score to fit your business model. All of the rules are delivered in a transparent human-readable format, which means that you can understand exactly what is being evaluated under the hood to make the final risk score.