Payfone’s Anti-SIM Swap Fraud Technology Coming to 35 Additional Global Markets in 2019

posted in: blog, press | 0

sim swap fraud, prevent sim swap fraud, prevent account takeover, anti account takeover, anti sim swap fraud, trust score, payfone

Payfone Set to Extend Award-Winning Anti-SIM Swap Fraud Technology to 35 Additional Global Markets in 2019

 

The expansion will allow companies in 35 global markets, including Australia, Austria, Canada, Chile, Colombia, France, Ireland, Italy, the Netherlands, Nigeria, Poland, Singapore, South Africa, Spain, Switzerland, and the UK, to safeguard and better serve their customers using Payfone’s patented technology

 
 
NEW YORK (November 28, 2018) – Digital identity authentication leader Payfone announced today that it will be extending its award-winning cybersecurity technology to 35 additional global markets in 2019. The patented technology has successfully enabled major North American financial services and cryptocurrency companies to thwart SIM swap and porting fraud by alerting them of suspicious activity before fraudsters can take damaging action, and will soon be available to international enterprises seeking to achieve similar results.
 
 

“SIM swap fraud continues to make headlines around the world as a growing threat that is draining consumer bank and cryptocurrency accounts,” said Rodger Desai, Chief Executive Officer of Payfone. “Fortune 500 clients who have used our technology to dramatically reduce or completely eliminate SIM swap fraud and other account takeover attacks in domestic markets have communicated their need to extend this capability across their global portfolios. We listened very closely to those requests and are pleased to announce that starting in Q1 2019, we will be able to meet that demand, allowing our clients to protect their customers across the globe.”

 
 

The full list of global markets where Payfone’s technology will be available includes Australia, Austria, Canada, Chile, Colombia, France, Ireland, Italy, the Netherlands, Nigeria, Poland, Singapore, South Africa, Spain, Switzerland, and the UK, which will come online in Q1, and Belgium, the Czech Republic, Denmark, Finland, Hong Kong, Hungary, Israel, Japan, Luxembourg, Malaysia, New Zealand, Portugal, Romania, the Russian Federation, Sweden, Thailand, Turkey, and the United Arab Emirates, which will roll out over the remainder of 2019.
 
 
Desai made the announcement earlier this month at the 2018 SINET Security Innovation Network Showcase in Washington, D.C. as he accepted the 2018 SINET Cybersecurity Innovator Award on Payfone’s behalf. In September, Payfone was selected from a pool of 123 global applicants as a winner of the prestigious cybersecurity award. Administered by SINET, the award honors the 16 most innovative and compelling cybersecurity companies in the world.

 
 

About Payfone

Payfone is the leading digital identity authentication provider for the connected world. The world’s largest banks, insurers, brokerages and technology companies trust Payfone to accelerate revenue by thwarting digital identity theft with real-time, passive identity authentication and predictive identity confidence through our proprietary Trust Score. Our solutions enable consumers and businesses to transact with trust. Learn more at www.payfone.com and www.linkedin.com/company/payfone.

 
 

Press Contact:
Yuka Yoneda
yyoneda@payfone.com
212.614.6927