10 Best Anti-fraud Software Solutions of 2022 (Features & price)

Last updated on by Editorial Staff
Anti-fraud Software

Fraud is a massive problem for businesses of all sizes and can be incredibly costly. Therefore, you must employ the best anti-fraud software to protect your business from fraud. Luckily, there are many great options out there!

In this post, we will go over the 10 best anti-fraud software solutions in the market right now. Then, we’ll discuss the features of each solution and help you decide which one is right for your business.

So without further ado, let’s get started!

What is Anti-Fraud software, and why do you need it?

Anti-fraud software is a type of software that helps businesses prevent fraud. Fraud can take many forms, such as financial fraud, identity theft, or even data breaches. Unfortunately, it can be incredibly costly for businesses in terms of direct economic loss and damage to reputation. That’s why it’s so important to have a good anti-fraud solution in place.

Types of Anti-Fraud software

Many types of anti-fraud software are available, each with its strengths and weaknesses. Some of the most popular options include:

Types of Anti-Fraud software
  • Financial fraud detection software: This software uses various data points to detect patterns that may indicate fraud. For example, it can look for unusual spending patterns, duplicate invoices, or strange transactions.
  • Identity theft prevention software: This software helps businesses prevent identity theft. It can do this by, for example, monitoring credit reports or public records for changes that may indicate fraud.
  • Data breach prevention software: This software helps businesses prevent data breaches. It can do this by, for example, encrypting data or providing access control.

Here is a list of the 10 Best anti-fraud software solutions.

1. Signifyd

Signifyd is eCommerce protection software that helps to identify the identity and intent behind every payment, protecting shopper journeys globally and restoring mutual trust between merchants and their customers.

It is trusted by the companies like Samsung, Walmart, eBay, Lacoste, Wish, and more.

Webpage of Signifyd

Features

  • Fraud protection
  • Abuse prevention
  • Account protection
  • Payments optimization
  • Revenue optimization
  • Cross border expansion
  • PSD2 compliance and SCA in retail
  • Order automation
  • Omnichannel commerce
Demo page of Signifyd

Pricing

Pricing details are not provided by the vendor on the official website.

Like

  • Enhances customer experience by avoiding fraud and abuse
  • Provides 100% protection from fraud and abuse for automatic payments
  • The software is easily understandable and easy to use

Dislike

  • The software will be expensive for small businesses
  • The software is with lacks transparency
  • Address change in orders takes more than 14 days

Supported industries

  • Apparel, Accessories, and Footwear
  • Electronics and computers
  • Health, beauty, and cosmetics
  • Housewares, garden, and furnishing
  • Sporting goods

Other details

DeploymentCloud, SaaS, Web-Based
SupportEmail/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live Rep), Chat
TrainingLive Online, Webinars, Documentation
Language SupportEnglish

2. Fraud.net

It is a fraud management solution for financial and risk management. Its powerful AI solution prevents fraud for businesses in financial services.

It provides a free demo to learn the software. It is trusted by many companies, including Gartner, Mastercard, GCHQ, Amazon web services, etc.

Webpage of Fraud.net

Features

  • Account takeover fraud prevention
  • Application fraud
  • Invoice and wire fraud prevention
  • Multi-party fraud schemes
  • Payment fraud
  • Call center fraud
  • Loan and credit fraud
  • Marketing and affiliate fraud
  • Mobile fraud
  • Return fraud

Pricing

The vendor does not provide pricing.

Like

  • Before opening the email, you can check the suspicious emails.
  • It is flexible software.
  • It helps to review manual transactions and enhances the turnaround time to approve an order.

Dislike

  • Release management and user experience are not so good
  • You need to refresh the screen to get new alerts

Supported industries

  • Banking/Retail
  • Consumer lending
  • E-commerce
  • Fintech
  • Gaming
  • Government
  • Insurance
  • Marketplace
  • Mobil
  • Payments and billing
  • Telecommunications
  • Travel and hospitality

Other details

DeploymentCloud, SaaS, Web-Based
SupportEmail/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat
TrainingIn Person, Live Online, Webinars, Documentation, Videos
Language SupportEnglish, Spanish

3. Seon

Seon is a fraud prevention software system for online businesses. It provides fraud detection solutions for all businesses and insights into all interactions and transactions. In addition, it also provides more than 50 digital and social media lookups. The software is used by albo, Fairmoney, Carbon, Revolut, niyo, and AirFrance.

Demo page of SEON

Features

  • Tailored industry rules
  • Social media lookups
  • Precise risk scores
  • Behavior analytics
  • Email analysis
  • Device fingerprinting
  • Machine learning
  • API integration

Pricing

It offers a free trial.

Pricing starts from $299 per month for unlimited users.

Pricing of SEON

Like

  • The software is a flexible and modular solution.
  • You can pay the price every month as per your needs
  • It offers a 14-day free trial
  • The software is easy to use and customize

Dislike

  • The phone number verification tool is not so good.
  • Loading time is more sometimes
  • Improvement needed in the dashboard view

Supported industries

  • Banking and insurance
  • iGaming and gambling
  • Online lending
  • Ecommerce
  • Travel and ticketing

Other details

DeploymentCloud, SaaS, Web-Based
SupportEmail/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, Chat
TrainingLive Online, Webinars, Documentation, Videos
Language SupportEnglish, Hungarian, Spanish

4. ClearSale

ClearSale is a comprehensive e-commerce fraud protection system. It helps organizations to stop fraud and enhances sales and customer satisfaction. The software is used by more than 5000 companies worldwide.

Webpage of ClearSale

Features

  • E-commerce fraud protection
  • User-friendly dashboard and custom reports
  • Chargeback protection
  • Protection from false declines

Pricing

It offers two plans.

KPI pricing model – This model allows you to identify a target charge book percentage

Fixed percentage pricing model – This model allows you to bill a fixed fee on every approved transaction.

Pricing option 1 for ClearSale
Pricing option 2 for ClearSale

Like

  • No setup and integration costs and also no monthly costs
  • Integrates easily with e-commerce platforms such as SalesForce, Magento, Oracle commerce, Shopify, PrestaShop, and more
  • Good customer support

Dislike

  • Approval of orders will become delayed sometimes.
  • With Shopify, the software does not allow you to exclude Paypal and Mercado Pago; hence you need to pay a commission.
  • Pricing is not disclosed on the official site; hence you will not get a clear idea about that.

Supported industries

  • Fashion and Luxury
  • Consumer electronics
  • Automotive parts
  • Travel and airlines

Other details

DeploymentCloud, SaaS, Web-Based
SupportEmail/Help Desk, Chat
TrainingDocumentation
Language SupportEnglish, Portuguese, Spanish, Chinese (Simplified)

6. Kount

Kount is one of the best Anti-fraud Software. This leading fraud prevention solution serves over 15,000 enterprises worldwide, including Samsung, HP, Staples, GNC, Bluesnap, Petsmart, Chase, and more. With the help of ML and AI tools, it detects and prevents fraud.

Webpage of Kount

Features

  • Account takeover protection
  • Digital identity verification
  • Bot detection
  • Dispute and Chargeback management
  • Reports and analytics
Order analysis page of Kount

Pricing

It offers three pricing models.

  • Kount command – It is for digital fraud prevention
  • Kount control –  It is for adaptive authentication and MFA
  • Kount Central – It is for payment provides

To get the pricing details of each model, you need to request a custom quote by filling out a form on its official site.

Like

  • The software allows you to approve, hold, or decline transactions automatically.
  • Its artificial intelligence capabilities provide fraud detection and hence reduce fraud costs.

Dislike

  • The user interface is not intuitive.
  • Downloading reports with more data will be slow.

Other details

DeploymentCloud, SaaS, Web-Based
Supported DeviceMac, Windows, Linux, Android, iPhone, iPad
SupportEmail/Help Desk, FAQs/Forum, Knowledge Base, Phone Support, 24/7 (Live Rep)
TrainingIn Person, Live Online, Webinars, Documentation, Videos
Languages SupportEnglish

7. Arkose Labs

Arkose Labs is an Anti-fraud software solution that provides long-term protection against fraud. It uses a multi-layered approach to identify and protect against fraudsters.

Webpage of Arkose Labs

Features

  • Bot and abuse management
  • Account takeover protection
  • Payment fraud management
  • Micro-deposit fraud
  • New account fraud management
  • Website scraping
  • API protection

Pricing

The vendor does not provide pricing. You need to contact the vendor for details.

Like

  • The software provides real-time risk assessments, machine learning analytics, and transparent risk insights.
  • When someone starts abusing your service, Arkose Labs helps quickly and generates new strategies to avoid abuse.

Dislike

  • The dashboard will not provide more self-service analysis features
  • Synchronous events need to be improved
  • Lack of front-end integration

Supported industries

  • Finance and fintech
  • Online gaming and gambling
  • Retail
  • Sharing economy
  • Media and streaming
  • Technology platform
  • Travel

Other details

DeploymentCloud, SaaS, Web-Based
Language SupportEnglish

8. Certifid

Certifid is an anti-fraud software that helps organizations prevent and detect fraudulent activities.

It is an AI-driven solution that uses machine learning to identify and prevent fraudulent behavior. The solution is customizable and can be configured to meet the organization’s specific needs.

Webpage of Certifid

Features

  • Identity validation
  • Bank account confirmation
  • Secure transfer of wiring information
  • Direct insurance for businesses
  • Money protection plan
  • Fraud recovery service

Pricing

It offers three pricing plans.

  • Starter – Suitable for smaller companies. It starts at $150 per month plus $10 per transaction.
  • Professional – Suitable for growing companies. It starts at $250 per month plus $10 per transaction.
  • Enterprises – Suitable for large teams with multiple offices. For pricing details, contact the vendor.
Pricing of Certifid

Like

  • It is easy to use and easy to submit a request for information to people.
  • It provides email notifications when you receive instructions.

Dislike

  • No templates for greeting messages
  • No free trial

Language Support

English

9. DataDome

DataDome is online fraud and bot management for mobile apps, websites, and APIs. It features sophisticated machine learning algorithms that detect and prevent fraudulent activity in real time.

The software is used by some of the world’s largest companies, including Asus, Reddit, McDonald’s, The New York Times, and more.

Demo Page of DataDome

Features

  • Protection against account takeover
  • Protection against web scraping
  • Protection against layer DDoS attacks
  • Protection against card fraud
  • Protection against credential stuffing
  • Protection against fack account creation
  • Protection against vulnerability scanning
  • Real-time dashboard
  • Advanced analytics and reports

Pricing

It offers three plans.

  • Business –  Starts at $2990 per month (billed annually),
  • Corporate – Starts at $5990 per month (billed annually)
  • Enterprise – Contact the vendor for details
DataDome Pricing

Like

  • It provides detailed insights on attempted account takeover attacks
  • Secures all end-points against web scraping
  • It provides good customer support during implementing

Dislike

  • 24/7 support is not available for business plan
  • Dashboard navigation is a little bit difficult

Other details

DeploymentCloud, SaaS, Web-Based
Supported DeviceAndroid, iPod
SupportEmail/Help Desk, Knowledge Base, Phone Support, 24/7 (Live Rep), Chat
TrainingIn Person, Live Online, Webinars, Documentation
Languages SupportGerman, English, French, Spanish

10. Alessa

This anti-fraud software makes compliance and fraud prevention easy. It allows you to analyze data from all sources and provides predictive analytics to help you identify and prevent fraud.

Webpage of Alessa

Features

  • Real-time risk intelligence
  • Transaction screening for suspicious activities
  • Advanced analytics
  • Realistic assessment of risks
  • Dashboards
  • Investigation tools

Pricing

The vendor does not provide pricing. Contact the vendor for details.

Like

  • No need to spend more money on training the employees as it is easy to use
  • The software is easily customizable

Dislike

  • It takes more time to customize
  • Initially, it requires consultation to customize

Supported industries

  • Banks
  • Credit unions
  • MSBs
  • Casinos and Gaming
  • FinTechs
  • Investment banking
  • Insurance
  • Corporate

Other details

DeploymentCloud, SaaS, Web-Based
Supported Device Windows, Linux
SupportEmail/Help Desk, Knowledge Base, Phone Support, Chat
TrainingIn Person, Live Online, Webinars, Documentation, Videos

FAQs

How to choose the right anti-fraud software for your business?

Choosing the right anti-fraud software for your business can be a challenge. There are many factors to consider, such as the size of your business, the type of fraud you’re most at risk for, and your budget. However, there are a few general tips that can help:

Make sure the software is easy to use: You don’t need to spend hours figuring out how to use the software. Instead, look for something user-friendly and intuitive.

Make sure the software is customizable: Every business is different, so you need to make sure the software can be customized to fit your specific needs.

Ensure the software is affordable: Don’t break the bank on anti-fraud software. There are many great options available at a variety of price points.

What are the benefits of using anti-fraud software?

There are many benefits to using anti-fraud software, such as:

Reduced fraud losses: This is perhaps the most obvious benefit. By using anti-fraud software, you can reduce the amount of money your business loses to fraud.

Improved reputation: Fraud can damage your business’s reputation. Using anti-fraud software can help protect your business’s good name.

Peace of mind: Anti-fraud software can give you peace of mind knowing that your business is protected from fraud.

Conclusion

The fight against fraud is an ongoing process, and it can be difficult to keep up with the latest scams and schemes. However, using anti-fraud software can help you protect your business from financial losses and data breaches.

In this article, we’ve listed ten of the best anti-fraud software solutions currently available. We hope this list of 10 Anti-fraud software will help you choose the suitable solution for your business needs.

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