Device Fraud Detection

The digital era has enabled consumers to access services through a wide variety of connected devices. Unfortunately, these devices are becoming a breeding ground for fraudsters. As such, device fraud detection is a vital tool for protecting businesses, consumers and reputations from the vast array of cyber threats.

With a device fingerprinting solution in place, it’s possible to identify fraudulent devices by their unique characteristics. These include the operating system, screen resolution and internet connection, among others. These data points are collected by a device intelligence platform and then analyzed against billions of data points to determine whether the device is genuine or not.

Detecting Device Fraud: Device Fraud Detection

For example, bad actors use emulators (software that simulates the behavior of other systems) to make it easier to commit fraud. Gaming emulators are particularly dangerous as they can allow a PC to run games created for Playstation or Xbox without purchasing multiple systems. Unfortunately, the emulators used by fraudsters are becoming increasingly sophisticated and can hide malicious activity in a host of ways.

To combat these sophisticated emulators, companies must utilize advanced device fraud detection to identify fraudulent devices by their unique characteristics. This requires a combination of device forensics, which captures the device’s hardware and software parameters to create a distinct ID, as well as fraud prevention techniques that can recognize anomalous device patterns. Using this information, businesses can detect a range of malicious activities, including rooted or jailbroken devices, cloud phones, spoofing, and the creation of multiple accounts.

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