A Fraud is a deliberate act of deception intended for personal gain or to cause a loss to another party. In other words, a false representation of a matter of fact—whether by words or by conduct, by false or misleading statements, the troubling news it’s very easy to do it on the internet at scale.

One common form of cyber fraudulence is phishing, which tricks individuals into revealing sensitive information like login credentials or credit card numbers. This information is then often used to commit fraud, such as fund transfers or unauthorized purchases.

To mitigate these risks, robust security measures are essential. Regular monitoring of financial transactions and credit reports can help detect fraudulent activities early.

Israel has become a hub for startups developing innovative solutions to combat online fraud. These solutions offer real-time scam detection and prevention and are employed across various industries, including e-commerce, online gaming, and financial services.

Here are six leading Israeli companies offering anti-fraud solutions

1. CHECK: Utilizes AI to detect and prevent mobile payment fraudulence, analyzing data such as purchase history, device information, and geolocation to score transaction risks. High-risk transactions are reviewed by human analysts. CHECK enhances fraud protection, reduces chargebacks, and improves customer experience.
2. THETARAY: Offers analytics solutions known for speed, accuracy, and scalability. These solutions manage risk, uncover money laundering, detect deception expose bad loans, and identify operational issues, unlocking new growth opportunities. Gartner Research Group recognized ThetaRay as a “cool security vendor” in 2015.
3. JUSTT: Combines AI, expert human analysis, and industry-leading evidence to resolve credit card payment disputes efficiently and accurately.
4. EVERC: Focuses on deception detection and prevention in e-commerce. The company aids organizations in verifying new and existing clients, managing online risks, and detecting transaction laundering.
5. IVIX: Developed a platform for tax authorities to detect tax evasion using public data sources, thereby increasing efficiency, collection rates, and reducing evasion.
6. SIEMPLIFY: Enhances security operations by combining security orchestration, automation, contextual investigation, and case management. It boosts analyst productivity by automating repetitive tasks and integrating various security technologies.
7. FORTER: Created a fully automated deceit prevention platform that eliminates manual verification processes. It learns from each transaction, distinguishing between legitimate actions and cheating, leading to instant decision-making. Recognized by Gartner and featured on Forbes’ Fintech 50 list and Fast Company’s Most Innovative Companies in 2018.

These Israeli companies are at the forefront of addressing the global challenge of deceit with their advanced technologies and expert teams. They offer vital tools for businesses and financial institutions to safeguard against these evolving threats. For more information or to engage their solutions, please Contactez-nous.