News from the Wire

SEON taps fraudster for educational video series

Tuesday, January 26, 2021 — 13:23:29 (EST)

Budapest, HU./London UK. 25 January 2021: SEON, the fraud fighters, today announces the launch of its unique new video miniseries aimed at educating merchants and financial institutions on the latest ways that fraudsters are able to break through security systems. To do this, SEON has enlisted the help of a prolific active hacker, who will talk viewers through the various techniques they use.

Hosted by SEON’s CCO, Jimmy Fong, Tools of the Trade will explore the methods fraudsters use to steal an individual’s data and commit fraud, while remaining entirely undetected by websites’ security systems. Topics will range from device fingerprinting and IP analysis, to email and phone analysis, and how website users’ identification can be stolen or purchased.

The first in the series of Tools of the Trade is now live and the professional fraudster will share some of the tools and techniques their fellow cybercriminals use to target companies, with a special focus on bypassing IP analysis and device identification.

Elsewhere in the series, to be released in the coming weeks, the fraudster will also explain exactly who they target, from websites to banks, or online marketplaces, and how they imitate internet users. They will also discuss the changing world of online fraud, in the face of increasingly intelligent security systems.

This forms part of the company’s mantra that in order for businesses to fight fraud, they need to know their enemies to fight them effectively. SEON’s fraud prevention solutions have been built on extensive research by its co-founders to relieve the pressure on fraud managers and staff as more businesses move to online.

SEON’s CEO and Founder, Tamas Kadar, commented: “As we increasingly move much of our day to day transactions online, there is a greater opportunity for hackers to take advantage of people, stealing their identification and hard-earned cash. And while security systems in place are growing ever more intelligent to keep up with rising demand, fraudsters are forced to adapt quickly.”

He added: “With this informative video series, we want to highlight just how adept they are at taking advantage of individuals and the websites they use, so that we can better prepare merchants and financial institutions, and ensure they are fully protected.”

To view the first in this three part video series, please visit: seon.io/resources/webinars/tools-of-the-trade-ep-1-a-fraudster-shares-how-they-bypass-device-and-ip-analysis/

To view our other videos and webinars, please visit: seon.io/resources/webinars/

To learn more about SEON’s services, visit: seon.io/

About SEON

Despite the vast global market that is online fraud prevention, SEON founders Tamas and Bence, found no suitable solution for their own budding crypto business – so they built one like no other. New to ‘fraud’ they leapfrogged legacy technology to create a digital native solution, which is intuitive to changing fraud behaviour and environments.

Online security is increasing in priority daily, and the former classmates were quick to get the attention of investors, raising €1.5M in seed funding from PortfoLion – part of the influential OTP group – so far.

SEON is now one of the rare start-ups to be profitable only 2 years after launch, tripling year on year gross revenue and with 95% inbound. Why? Because the founders have created a business so relevant to the way we live our business and personal lives today. They are not afraid to confront an industry that they believe to be failing, and their approach works.

SEON helps online businesses of all sizes fight back against fraud. It was built out of necessity and aims to remove the barriers to fraud prevention that many companies face, with rapid integration times, rolling monthly contracts and a one-size-fits-all platform that is easy to operate and is accessible 24/7.

SEON’s technology draws on data from across the internet to establish customers’ digital footprints to wean out false accounts and prevent fraudulent transactions from taking place. All of SEON’s tools work in the back-end to remove any friction associated with fraud prevention.

To learn more about the company, visit: seon.io/

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Source: Company press release.