Ericsson's Vonage Launches Advanced Fraud Prevention APIs to Enhance Digital Security in U.S.
- Vonage, a subsidiary of Ericsson, launches fraud prevention APIs to combat identity-related fraud affecting U.S. businesses.
- The new features, like Silent Authentication, enhance user security and streamline digital interactions significantly.
- Ericsson's commitment to technological solutions is reinforced by Vonage's innovative tools for improved digital security in telecommunications.
Ericsson's Vonage Launches Advanced Fraud Prevention APIs in the U.S.
In a significant development for the digital security landscape, Vonage, a subsidiary of Ericsson, unveils its commercial launch of innovative fraud prevention Network APIs in the United States. This move addresses the escalating concerns around identity-related fraud, which affects a substantial 84% of U.S. businesses, as well as the alarming statistics that 77% of Americans have encountered scams recently. By introducing features like Silent Authentication and SIM Swap detection, Vonage positions itself at the forefront of a rapidly evolving market, providing enterprises and developers with the tools necessary to enhance user security and streamline digital interactions.
The Silent Authentication feature allows for user validation without the need for traditional SMS one-time passcodes, which are often susceptible to interception and manipulation. This advancement significantly accelerates authentication speeds, offering users a three to five times quicker experience compared to conventional methods. Moreover, the enhanced user experience is reflected in improved conversion rates, reportedly increasing by up to eight percentage points. By leveraging carrier-verified trust signals, these APIs create a more secure and seamless validation process, addressing the growing demand for robust digital security measures in an increasingly interconnected world.
In addition to Silent Authentication, the SIM Swap detection capability serves as a proactive measure against unauthorized changes to SIM cards, which have surged dramatically in recent years—reportedly increasing by 1,000%. This feature not only alerts users to potential threats but also enhances overall fraud detection by 30-40%. Christophe Van de Weyer, President and Head of Business Unit API at Vonage, highlights the groundbreaking nature of these APIs, emphasizing their ability to integrate advanced fraud prevention into applications seamlessly. This innovation not only helps businesses combat fraud but also ensures a frictionless experience for end users, reinforcing Vonage's commitment to enhancing digital security across the telecommunications sector.
Vonage's strategic launch reflects Ericsson's ongoing dedication to advancing technological solutions that meet the evolving needs of the telecommunications industry. As digital interactions become increasingly pivotal in our daily lives, enhancing security measures is not just a necessity but a competitive advantage. The introduction of these advanced fraud prevention tools positions Vonage to lead the market in safeguarding digital experiences, ultimately supporting enterprises in navigating the complexities of the modern digital landscape. As the telecommunications industry continues to evolve, such innovations from Ericsson and its subsidiaries are essential in maintaining trust and security in customer interactions.
