C//ALERT TECH SOLUTION
Global Watchlist to prevent fraudulent transactions
Builds on existing financial crime information sharing initiatives. Our exclusive and unique Watchlist of non-public cybercriminal bank account intelligence protects your customers from financially motivated cybercrime such as online fraud.
Screen transaction data against cybercriminal account alerts
Quality
Only trusted counterparties such as specialized police agencies submit alerts to the watchlist. Our proprietary expertise and algorithms rate entries so you can prioritize. We keep entries active for only a limited amount of time, further improving the quality of alerts. Our approach reduces ‘false positives’ to an absolute minimum.
Security
Our Watchlist-database adheres to banking-level security standards, and we are constantly monitoring and improving technology to ensure we employ best-in-class methodology.
Data Protection
Our privacy enhancing technology masks each entry from the moment a source submits information to the Watchlist. Users only view alerts and other information when they find a match with their entry. We adhere to global data privacy regulations and constantly monitor international standards to ensure up-to-date performance of our architecture and concept.
Join us to prevent fraud and scams
Don’t just react to cybercrime. Our Watchlist helps to prevent customers from ever becoming victims by helping to halt transactions sent to potential cybercriminal bank accounts. We provide cloud, on-premises, and hybrid implementation strategies to ensure the right integration for your system.
Modern REST API
Scoring System
Long-term Partnerships
Q&A
What is a ‘cybercriminal bank account’?
A bank account controlled by cybercriminals. When fraudsters trick victims into sending money, this is the account information the criminals provide to the victims to receive their funds. Such accounts are hard to detect, and cybercriminals often use the same account over several days, weeks, or even months to launder money sent by the victims.
As a result, according to the FBI, in the US alone a record amount of $2.1 billion was transferred and laundered using cybercriminal bank accounts in 2020. A significant and growing risk that you can start reducing today.
Which sources provide criminal bank account details into the Watchlist?
We gather criminal bank account details from Victims, Law Enforcement Agencies, Financial Institutions, Existing Public-Private-Partnerships and financial crime information sharing initiatives, Cybersecurity Companies, Cyber NGOs and Non-Profits Organizations.
On tops of these high-quality sources, we use our own in-house expertise and, in partnership with external experts, search the darknet and other non-public sources for cybercriminal bank accounts.
We are constantly adding other sources to build the most comprehensive and accurate Watchlist to effectively stop fraudulent payments across the globe.
How does your Watchlist prevent cybercrime losses and money laundering?
Banks directly integrate our Watchlist into their transaction monitoring processes. Alongside checking other Watchlists (Sanctions, PEP, etc.) banks screen incoming and outgoing transactions against our Watchlist of known criminal bank accounts. Banks also utilize the Watchlist in KYC (Know Your Customer) processes to check their own accounts for any known criminal accounts.
Get in touch today to find out how you can start using unprecedented high-quality alerts to protect your customer’s transactions, reduce ‘false-positives’ and improve your bank’s AML when it comes to cybercrime.
How do I know the data is secure and private?
No bank, law enforcement agency, or other partner would ever provide us data unless our tools confirmed to the highest standards of privacy and data protection. As a result, our systems and platform ensure compliance with banking requirements for security.
We ensure that data provided to us by one source remains separate and invisible to all other clients and partners that are using the data. Our clients can only view information related to a match between an account they are checking and an alert in the Watchlist
We employ state-of-the-art technological and organizational practices based on the global security measures found under ISO/IEC 27002 and considering ISO/IEC 29151.
Data privacy serves as a fundamental attribute of our Swiss DNA and has been evident since the first days of the company’s launch when Swiss police agencies agreed to become early sources of the criminal bank account data populating the watchlist.
Do you comply with global data privacy requirements?
Yes. Contact us for specific details regarding your jurisdiction. Have a look at our Privacy Notice
How does your scoring system work?
Based on the deep experience of our team, further informed by feedback from our advisors in both the law enforcement and financial services industries, our ratings system helps bank operations and fraud detection employees prioritize the C//ALERT outputs.
The factors feeding the rating algorithm include, for example, Amount of time elapsed since the reported cybercrime, Type of fraud (Business Email Compromise, Online Marketing, etc.) and Amount of loss.
How can I integrate the C//ALERT Watchlist?
- Cloud Solution
- On-Premises Solution
- Hybrid Solution
- Refer us to your third-party transaction monitoring or fraud prevention provider, and we will happily explore integration with their platform
Contact us to discuss which approach is right for your system.
Which types of scams does the Watchlist target?
We take a neutral and all-encompassing approach when it comes to financially motivated cybercrime! Any time a quality source provides us with details about a bank account highly suspected to be tied to cybercriminal activity, we will include that account in the Watchlist.
As a result of our deep experience in the online fraud industry, and the support we provide to victims through our C//SUPPORT and C//COMPLAINT tools, we are experts regarding common scam types, typical victim scenarios, and general preventative measures. Contact us to learn more about our resources and abilities.
Interested in learning more about our solutions? Leave your details and we will reach out as soon as possible
Seamless integration into your infrastructure
We offer compelling opportunities for fraud prevention platforms and transaction monitoring providers to integrate our Watchlist into existing solutions, allowing you and your bank clients to stay ahead of the ever-increasing risks from financially motivated cybercrime.
Get in touch today.