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GoVerify

GoVerify Partnership with ST2 Technology

By | Blog

We’re happy to announce our new partnership with International management consulting firm ST2 Technology to launch new anti-phishing and fraud technology, GoVerify, designed to restore consumer trust by eliminating phishing attempts and verifying genuine companies to consumers.

The annual cost of fraud in the UK could be as high as £193 billion per year, according to a report from Experian, which equates to £6000 lost every second every day. In fact, online fraud is now the most common crime in the country with almost one in ten people falling victim, according to latest figures from Crime Survey of England and Wales (CSEW).

More than five and a half million cyber offences are now thought to take place each year, accounting for almost half of all crime in the country. GoVerify technology has been designed to restore trust between customers and their service providers, while simultaneously preventing fraudsters from obtaining personal and sensitive data. 

Where many solutions focus on verifying individuals to companies, GoVerify puts control back in the hands of consumers. The technology enables consumers to authenticate the companies and government organisations that are contacting them by verifying if calls, emails, SMS/texts, letters, invoices and physical goods are genuine, without giving away any personal information. The technology also benefits enterprises by enabling a trusted communication channel to their existing and new customers in order increase engagement and increase sales opportunities.

The verification method ensures that no personal or sensitive data is disclosed as organisations generate and provide each customer with a unique TrustTag. Then, when individuals are contacted by a company, they simply input their unique TrustTag along with a key identifiable piece of information. This enables GoVerify to validate that the organisation is indeed genuine, and not a malicious person trying to steal personal data or commit fraud.

ST2 Technology will take GoVerify to market by providing the consultation and implementation capabilities to integrate GoVerify with client or cloud-based environments.

Colin Paterson, Co-Founder and CTO at Trudera, commented: “The latest research shows that each year in England alone ten percent of people are falling victim to online and offline fraud and there is no sign of decline. As a result, consumers are finding it harder to trust who is contacting them,” explained Paterson. “This means not only is consumer confidence in their service providers diminishing but the organisations are also suffering by being forced to spend millions in online security. The most worrying part of this scenario is that the fraudsters are winning.

“This is precisely why we’re fighting back with GoVerify by providing a new way for consumers to verify that the phone calls, emails, texts and letters they receive are from genuine organisations. We’re confident that this technology will enable organisations to restore trust and confidence every time they want to contact their customers. At the same time, we want to stop consumer data falling into the hands of hackers by encouraging individuals to be more diligent by verifying suspicious correspondence,” Paterson added.

Anne Stokes, CEO of ST2 Technology said: “GoVerify is a compelling solution that puts control back in the hands of the individual. This solution is extremely timely, especially when you consider that it’s near impossible to find someone who hasn’t received an email, call or SMS from a fraudster impersonating a company for malicious gain. We’re truly excited about this partnership and we’re encouraging organisations and individuals to adopt this technology and prevent fraudsters succeeding in their efforts.”

 

For more information about GoVerify, visit: https://goverify.com/

 

ABOUT ST2 TECHNOLOGY

ST2 Technology is an award winning international management consulting firm that serves business and the public sector. The company offers a range of consulting and implementation services designed to support its clients through business, IT and Digital Transformation.

The consultancy is a new kind of partner with decades of know-how, ready to help organisations take all the benefits that investment in technology has to offer.

For more information, visit: https://www.st2.tech/

 

ABOUT TRUDERA

Trudera is an innovative UK company stemmed from a foundation of securing governments around the world. The company develops new technology in the areas of Cybersecurity, Artificial Intelligence and Blockchain to protect citizens, organisations and governments from threats.

For more information, visit: https://www.trudera.com

Launching #protectfromfraud. The ability to verify organisations contacting you

By | Blog

Today we’re launching a new campaign called #protectfromfraud

 

Wouldn’t it be nice to be able to verify every call, email, sms, letter, invoice to check if it is genuine? 

 

We want to help raise the awareness of fraud especially when organisations contact you. Usually asking to validate who you are by providing personal information, without you evening knowing who they are! 

We all face this scenario time and time again. Receiving a call or SMS from an unknown number. The agent on the call states that they are from a particular company. But before they are able to proceed, they need to verify your details for security purposes. They usually start by asking for:

  • First name and Surname 
  • Address and post code 
  • Date of Birth 

Some organisations have a slightly more complex process. They may ask for:

  • the first line of your post code
  • the second half of your post code
  • the 2nd and 4th letter of your security code or pin

Again all of these calls and steps can sound real but can still be fraudulent in nature. 

In the recent TalkTalk data compromise in 2016, the entire customer database can be purchased online which provides fraudsters with all your personal details. The recent BBC Article http://www.bbc.co.uk/news/technology-39177981 shows the steps taken to provide legitimacy to the fraudulent operation. They even had a FAQ for their call agents on how to respond to customer’s questions including when they get suspicious!

 

We strongly believe in security and privacy and want to help change the current way companies and government operate. 

What we have developed with GoVerify is the ability for people to verify the call, email, sms, letter they receive is genuine and really from the organisation they are claiming to be.

We’re launching the #protectedfromfraud campaign to give people a voice and an opportunity to point out the types of fraudulent messages they are receiving. Please tell us about your experience with fraud and the companies and organisations you deal with that you would like to be able to verify when they contact you. 

We’ve also provided a way to upload examples of fraudulent messages you’ve received. You can upload examples of emails, letters, screenshots of texts etc. We’re planning to take the best examples and showcase it to increase awareness of the methods and techniques used to trick people. 

Visit http://demand.goverify.com and make your voice heard. We’d love to hear from you.

 

– GoVerify Team