How to Check IP Risk Score for Fraud Prevention
Check IP risk score is an essential part of fraud prevention, as it helps businesses avoid chargebacks and fraudulent activity. By analyzing IP addresses, phone numbers, email addresses, and URLs or domains, an IP risk score provides insight into the suspicious behavior of bad actors worldwide. The process of checking an IP address involves collecting data relating to that address, matching it with known fraud indicators, and using machine learning to identify patterns that signify fraudulent activities.
The data gathered includes past fraud reports, country risk, blacklist status, open ports, proxies, and network traits. Each of these factors contributes to the overall risk score, which a business can use to decide whether to allow or block an IP address. An IP reputation score is a powerful tool that solves a major weakness of traditional blocklist-based threat detection solutions: Blocklists are static and cannot possibly contain every malicious actor.
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Fraudulent online purchases are a growing problem, with estimated losses due to payment fraud surpassing $20 billion in 2021 alone. Bad actors are constantly looking for new and innovative ways to commit fraud, and it’s vital that businesses leverage tools that enable them to stay ahead of them.
The best way to check an IP risk score is by using a reliable, accurate online tool. There are several free services available, but paid options typically offer more data and better accuracy, making them worth the investment for those seeking to improve their security capabilities.