Incognia has announced the launch of new location identity fraud detection modules to support mobile app security for customers across finserv, crypto, social networks, online gaming and more.
Incognia’s solution modules include Location Spoofing Detection, Global Mobile Address Validation, and Trusted Device Intelligence – all of which can be used for preventing mobile app fraud during onboarding, logins and transactions. Incognia solution modules are enabled via the same mobile SDK and APIs used by the Incognia zero-factor authentication solution that works on both iOS and Android devices. Data collected by the SDK is anonymized with hash and encryption techniques and Incognia adheres to privacy by design guidelines.
With Finance app downloads totaling 5.9B in 2021, increasing 28% YOY, and Gaming apps seeing more than $16B in consumer spend in 20211, it is not only new users that are flocking to fintech and gaming apps but also fraudsters. Incognia’s new solution modules offer enhanced fraud prevention capabilities for mobile apps by leveraging location and device intelligence signals directly from the user’s device.
Fraudsters are adopting new fraud techniques targeted at mobile including use of location spoofing to hide and obscure the true location of the user. A key benefit of Incognia fraud detection modules is that they add no friction to the user experience and work silently in the background, providing highly accurate risk assessments to prevent fraud.
Incognia module offerings include:
- Location Spoofing Detection Incognia is highly effective in detecting GPS location spoofing during onboarding, new account creation, login and transactions & payments.
- Global Mobile Address Validation: The Incognia solution for Global Mobile Address Validation uses Location Behavior and Device Intelligence to validate the home address of a new user during identity verification at onboarding. Incognia, mobile apps can validate in real-time the provided home address with the current user location to prevent fraud and support KYC/AML compliance.
- Trusted Device Intelligence: This module enables enhanced mobile fraud prevention by using information from a user’s device to detect use of emulators, rooted or jailbroken devices, and to detect when multiple devices are accessing the same account or multiple accounts are sharing the same device.
“Increased mobile adoption is attracting new types of fraud, which is why Incognia is offering new solution modules to detect location spoofing, use of fake addresses and compromised devices,” said André Ferraz, founder and CEO of Incognia. “With this added flexibility, customers of all sizes will be able to take advantage of enhanced frictionless mobile fraud prevention. We’re excited to expand our offerings so that our customers across finserv, mobile gaming, crypto and beyond can provide their valued customers with a secure and frictionless experience at all times.”
