Fraudsters often use temporary or non
Posted: Thu May 22, 2025 7:05 am
Enhanced KYC (Know Your Customer): For financial institutions and regulated industries, verifying a customer's physical address is a core component of KYC and AML (Anti-Money Laundering) compliance. Phone number address lookups offer a fast and reliable method to corroborate identity information, reducing the risk of synthetic identities or false accounts.
Account Takeover (ATO) Prevention:
Detecting Anomalies: If a fraudster attempts to take over an account (e.g., through argentina phone number list phishing or stolen credentials), they might try to change the associated phone number or address. A lookup can quickly identify if the new phone number's address does not match the historical customer address, signaling a potential ATO attempt.
Secure Authentication: Before sending critical information or a One-Time Password (OTP) for multi-factor authentication (MFA), a lookup can ensure the phone number is tied to the expected address, preventing OTPs from being sent to fraudsters who have hijacked a number.
Payment Fraud Mitigation:
Card-Not-Present (CNP) Transactions: In e-commerce, where the physical card isn't present, fraudsters often use stolen credit card numbers. By verifying the shipping address against the billing address provided, and potentially against an address linked to the phone number on file, businesses can significantly reduce chargebacks and losses from fraudulent purchases.
Mismatched Data: A common fraud indicator is a disconnect between the phone number's associated address and the billing/shipping address. Lookups quickly expose these inconsistencies.
Spam and Bot Detection:
Filtering Fake Registrations:-residential phone numbers for mass registrations or bot activity. If a phone number resolves to a vacant lot, a P.O. Box (not allowed for certain services), or a known high-risk address, it can be flagged.
Account Takeover (ATO) Prevention:
Detecting Anomalies: If a fraudster attempts to take over an account (e.g., through argentina phone number list phishing or stolen credentials), they might try to change the associated phone number or address. A lookup can quickly identify if the new phone number's address does not match the historical customer address, signaling a potential ATO attempt.
Secure Authentication: Before sending critical information or a One-Time Password (OTP) for multi-factor authentication (MFA), a lookup can ensure the phone number is tied to the expected address, preventing OTPs from being sent to fraudsters who have hijacked a number.
Payment Fraud Mitigation:
Card-Not-Present (CNP) Transactions: In e-commerce, where the physical card isn't present, fraudsters often use stolen credit card numbers. By verifying the shipping address against the billing address provided, and potentially against an address linked to the phone number on file, businesses can significantly reduce chargebacks and losses from fraudulent purchases.
Mismatched Data: A common fraud indicator is a disconnect between the phone number's associated address and the billing/shipping address. Lookups quickly expose these inconsistencies.
Spam and Bot Detection:
Filtering Fake Registrations:-residential phone numbers for mass registrations or bot activity. If a phone number resolves to a vacant lot, a P.O. Box (not allowed for certain services), or a known high-risk address, it can be flagged.