Fraud Specialists Ravelin Secure PCI Certification for Enhanced Fraud Detection

UK-based fraud specialists, Ravelin, have announced the securement of Payment Card Industry Data Security Standard certification in attempt to bring together the latest technologies for fraud detection.

Ravelin has built itself a decent reputation as experts in applying machine learning, artificial intelligence, graph networks, and behavioral analytics to offer real-time fraud detection. In addition to this, Ravelin has also secured PCI DSS certification to enable the company to track fraudulent cards between clients and stop the cards from being used throughout all their merchants.

Leonard Austin, CTO at Ravelin states: “Before securing PCI compliance, we were unable to access the raw card numbers for each of our clients. But now, we’re able to take that raw data and create credit card fingerprints that can essentially be shared across merchants.”

Fraudsters and scammers tend to operate across various merchants, taking whatever goods they can. It is for this reason that having access to data across numerous merchants in imperative to detecting fraud.

“PCI Compliance is still ultimately a necessary step towards the overall goal of keeping sensitive data secure, which is why we undertook the process. Combining this, and our ISO 27001 certification as well gives our merchants the confidence that our systems adhere to the highest security standards, with the added benefit of being able to better defend our clients against fraud attacks,” continued Austin.

David Robinson founder of Intruder.io, a proactive security monitoring company who carried out Penetration Testing of Ravelin’s systems commented; “we performed a security assessment for Ravelin and were impressed by the robustness of the application. Most assessments result in a number of recommendations, but for the parts of the Vault API that we tested, we were happy to report a clean slate.”