Solutions: Fraud Detection and Prevention
What/How/Why:
What
Through Smart Sense combined with S3 Suite or Authentication Cloud, Nok Nok provides an AI/ML based anomaly risk score, risk signals, a flexible rules engine and support for different authentication and step-up authentication methods to effectively mitigate elevated risk scenarios and phishing attacks. This unique approach allows you to leverage robust and phishing resistant authentication through a smart platform that makes it easy to combine great user experience with robust security.
How
The Nok Nok App SDK makes it easy for your apps to provide risk signals for assessing authentication risks, which can be integrated into rulesets. Nok Nok Smart Sense uses AI and machine learning to detect anomalies, such as unusual location, and to generate an anomaly risk score, enhancing user experience while reducing fraud.
This anomaly risk score can be used via the Nok Nok S3 Suite and Nok Nok Authentication Cloud rules engine to adapt the authentication journey, such as prompting for passkey creation after low-risk sign-ins or requiring user verification for high-risk scenarios, like new device logins.
Why
Recent advances in GenAI have simplified the automated generation of sophisticated attacks fueling a surge in cybercrime. In recent years, the global cost of cybercrime has increased rapidly and even faster than global cybersecurity spend and now the industry has to take a different approach to effectively combat cybercrime.