Fraud Detection is a risk control service provided by Alibaba Cloud. Fraud Detection provides a scenario-specific model as a service (MaaS) solution and a ready-to-use software as a service (SaaS) solution. This topic describes the main features and core modules of Fraud Detection.
Introduction
Before getting started with Fraud Detection, you must understand business risks. Risks refer to uncertainties between the purpose of production and the outcome. Business risks refers to the uncertainties and probability of losses that operators face during the Internet service operations.
With the development of Internet services and the advancement of digital transformation, a growing number of industries start to use the digital operations mode in different scenarios. Despite the convenience and efficiency that come with the change, the change brings new business risks. The following list describes the common scenarios in which attacks occur:
Account registration scenarios: Account registration is a prerequisite for business. Common risks include bulk registration of accounts by using illegal or false information.
Platform logon scenarios: Users can use services only after logging on to a platform by using registered accounts. Common risks include account theft, fund theft, and malicious modification of information.
Marketing scenarios: Common types of promotional activities include rewards points redemption, coupon distribution, and flash sales. Malicious practitioners often use bots and zombie accounts to obtain unfair advantages during these activities.
Financial scenarios: Fraud risks most commonly occur in financial activities, such as consumer loans, business loans, and auto finance.
Fraud Detection helps you respond to these types of risks in a quicker, more convenient, and more effective manner.
Solutions
In 2018, the Alibaba Cloud launched Fraud Detection based on the risk control technologies that are accumulated for more than 10 years and the risk operations experience of Alibaba Cloud, Taobao, and Alipay. Fraud Detection is a smart, lightweight, and mature business risk control solution that enables enterprises to mitigate business risks and reduce loss.
Fraud Detection provides various solutions to handle business risks for different enterprises at all development stages in various industries and scenarios.
MaaS-based risk identification model: Fraud Detection provides a standard solution for common scenarios such as account registration, logon, marketing, and credit application. You can call Fraud Detection API to access Fraud Detection in an efficient manner. The solution is based on the pre-trained decision-making AI model and pre-defined rich data features. It provides the following benefits: ease of use, stable performance, and all-in-one processing.
SaaS-based decision engine: Fraud Detection provides a visualized and easy-to-use risk management and operations platform that allows you to build risk control systems. You can use the platform together with pre-defined risk control modes provided by Alibaba Cloud. For more information, see Overview of the decision engine.
Others: Fraud Detection also provides a wide range of risk control components to better identify risks. For example, you can use on-device security components such as the SDK for Android or iOS and JavaScript component to identify attacks and device exceptions, and handle various types of simulators and malicious software. This helps enterprises identify malicious devices. For more information, see Service event parameters and response parameters for Device Fraud Detection.