January 25, 2018
Warsaw-based startup Nethone has received two research grants from Poland’s National Centre for Research and Development (NCRD) to explore applying their AI-based technology to two very different online fraud prevention efforts: account takeover fraud and “doping” in the increasingly popular world of competitive e-sports.
Account takeover is an increasingly serious problem for any business that requires online accounts. From more traditional businesses like banks to retailers to social apps of all kinds, no one is safe. The company said the grant will supercharge its efforts to apply in-depth behavior analysis and advanced machine learning toward identifying ATO fraud. Nethone is concentrating its ATO efforts on financial institutions, but merchants of all kinds are feeling the effects of this fraud.
E-sports are another matter. From Lance Armstrong to Major League Baseball’s steroid scandals of the 1990s to Russian athletes being banned from next month’s Winter Olympics in South Korea, athletes enhancing their physical performance chemically is an old story.
Competitive video gaming is relatively new, but could generate revenues in excess of $1 billion globally by the end of next year. With more and more revenue at stake, some of its competitors are engaged in their own kind of “doping”: injecting forbidden pieces of code in software that will make them move faster, have an increased field of view, aim more accurately, etc.
Nethone, along with mobile game developer DaftMobile will use the NCRD grant to develop an AI-based solution that will analyze behavior, skills and history of players joining a game to match them with opponents of comparable parameters and to accurately detect forbidden practices.
January is Account Takeover Month at CardNotPresent.com. Visit our special section featuring resources explaining how ATO can affect your business and what to do about it. And, join us on Jan. 30 at 11 a.m. ET for a special live Webinar on the subject featuring Alan Bernstein, senior manager of Fraud and Payments at Shutterstock, who will share his experience dealing with the increasing challenge of ATO.