Scamnetic, a leader in AI-driven digital threat protection, has unveiled its cutting-edge scam-detection solution designed to combat a wide range of scams in real-time. This innovative application leverages advanced AI technology to identify and prevent fraud, including deepfake videos and audio, across various communication channels. By integrating Scamnetic’s patented technology into enterprise platforms, businesses can enhance consumer safety and streamline scam detection.
Key Features of Scamnetic
- Scan&Score™: Analyzes emails, text messages, QR codes, links, physical mail, and images to evaluate risk from incoming communications.
- IDeveryone™: Verifies the identity of individuals through video, audio, or text to combat scams such as dating fraud, marketing scams, and more.
- Scam Intervention™: Offers 24/7 support to help scam victims restore their assets and regain control over their digital lives.
Financial Impact of Scams
- Consumer Losses: Over $10 billion reported lost to fraud in 2023, according to the U.S. Federal Trade Commission.
- Global Losses: $485.6 billion in projected losses from fraud scams and bank fraud in 2023, as reported by Nasdaq.
- Year-over-Year Growth: 22% increase in U.S. consumer scam losses in 2023, per the FBI Internet Crime Report.
Industry Response and Technology Advantages
- AI vs. Human Detection: Highlights the inadequacies of traditional educational measures against the advanced AI tactics used by scammers.
- Technological Innovations:
- No character limit on decision-tree AI, providing quick and accurate results.
- Comprehensive data analysis including links, images, and QR codes.
- Tailored recommendations based on Indicators of Deception™ and overall risk level.
- Explainability features that enhance user trust and decision-making.
- Automation capabilities that reduce human error and enhance system efficiency.
Customer and Expert Testimonials
- Troy Leach: Emphasizes Scamnetic’s role in protecting against cyberattacks and fraud.
- Matt O’Neill: Reflects on how Scamnetic could have significantly reduced scam cases.
- Donna Turner: Acknowledges Scamnetic’s solution as a timely response to financial institutions’ challenges.
- Serge Rivest: Praises Scamnetic’s ability to address identity theft and digital scams.
- Seth Ruden: Highlights Scamnetic’s innovative approach to authorized payment scams.
Business Model and Future Plans
- B2B2C Model: Scamnetic’s current model and plans to launch a direct-to-consumer subscription service.
- Integration Options: Offers co-branding and API integration to fit various enterprise platforms and products.
Scamnetic’s launch of its AI-based scam-detection solution represents a significant advancement in the fight against digital fraud. With its comprehensive features and real-time protection, Scamnetic is positioned to provide essential support to businesses and consumers alike, ensuring a safer digital environment.
