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Authentify FraudChaser Protects Internet Service Providers From Phishers and Spammers; New Service Prevents Criminals From Establishing For-Fraud Accounts Using Fake Identity or Stolen Credit Card Numbers

Posted on: Tuesday, 18 October 2005, 09:00 CDT

Authentify Inc., the leader in telephone-based authentication solutions, today announced at the 2005 ISPCON Conference a new service called FraudChaser(TM) that protects Internet Service Providers (ISP) against fraudulent accounts created by Phishers and Spammers who submit false information. In order to activate an account with an ISP protected by FraudChaser, online users must accept an automated phone call and complete an integrated voice/Web authentication process that requires they use their telephone and computer at the same time. FraudChaser adds less than 60 seconds to a typical online registration, yet creates a legally binding audit trail to the individual that opens an ISP account.

FraudChaser has helped one Authentify customer reduce fraud from Phishers and Spammers trying to register for services with stolen credit cards to near zero in just one month. "Since we started using Authentify's service, we have virtually eliminated credit card fraud and Spamming/Phishing activities," said Dan Ushman, the head of operations for Chicago based Mid-Phase Hosting. "Criminals are simply not willing to provide their real phone number, much less answer the phone call necessary to validate the transaction."

About FraudChaser

The FraudChaser service provides ISPs with a practical solution for deterring account registration fraud. The service defeats fraudulent transactions by placing an automated telephone call to users when they attempt to register for web hosting and/or e-mail accounts on an ISP web site using a credit card. To complete the transaction, users are required to speak confirmation details that are simultaneously being presented in their web browser. ISPs may enroll for FraudChaser online and self provision the interface to their registration process.

Customized Voice Authentication Services

Authentify has been offering customized forms of its patented voice authentication services since 2001. The company has helped authenticate the users behind more than 10 million transactions on behalf of customers including MidPhase Hosting, VeriSign, Hewlett Packard, GeoTrust and others. FraudChaser is the first standard offering from Authentify that allows organizations, including ISPs and online retailers, to self-activate voice authentication for their Web property from Authentify's implementation site.

About the Authentify Service

Authentify uses the most ubiquitous and reliable technology in the world, the telephone network, as an authentication tool for Internet transactions. Authentify has developed a patented process that enables Web sites or other network access points to place a real-time automated telephone call to the person who is attempting to conduct an online transaction. Once the person answers the call, he/she is prompted for information being displayed on their computer screen. This two-factor authentication process ensures that the person on the phone is in control of the web session, and provides a legally recognized audit trail that binds the transaction.

About Authentify, Inc.

Authentify, Inc. is a Chicago, Illinois based ASP providing automated authentication services that enable organizations to quickly and cost-effectively perform real-time user authentication during an Internet session. By leveraging the familiarity of telephone networks, Authentify delivers an effective authentication process that is practical for business and easy for consumers. The company's patented technology seamlessly integrates into existing online processes that have been developed for e-business, secure information access, and the distribution of security credentials. Visit Authentify at www.authentify.com, or call 773-243-0300.

Source: Business Wire

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