Cloudflare, the security, performance, and reliability company, has announced its entry into the fraud detection market with the development of Cloudflare Fraud Detection. The solution is designed to help businesses quickly identify and stop online fraud, including fraudulent transactions, fake account signups, account takeover attacks, and carding attacks, before they affect a brand or bottom line. Cloudflare’s global network will enable it to develop real-time advanced detection models and run those models in near-real time to stop threats without any impact on performance. Cloudflare Fraud Detection will help businesses block fraudulent transactions in real-time, often before a single fraudulent transaction can be processed. The solution will also stop bots at a global scale, safeguard brand reputation and consumer trust, protect consumers, and prevent the use of stolen credit cards.
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