ThreatMetrix Device Authentication and TeleSign Telephone Verification Enable Name.com to Eliminate Over $1.5 Million in Annual Fraud
Fraudsters target domain registrars like Name.com because compromised domain names are easy gateways to scam customers of banks, cloud services, e-commerce sites, social media, and other websites. They required a team of 2.5 full-time equivalent employees charged with reviewing domain purchases flagged as potentially fraudulent. It also negatively impacted the company's bottom line. They chose ThreatMetrix to overcome this challenge. Name.com implemented a risk-based, multi-layer fraud defense strategy, combining the ThreatMetrix Cloud-Based Fraud Prevention Platform and TeleSign's Telephone Verification. ThreatMetrix/TeleSign risk-based solution dramatically reduced the time and effort required by Name.com to find fraudulent orders, enabling them to reduce illegal domain purchases by 98% and satisfy their commitment to their partners.