GOVERNMENT
Security essential to sovereignty and public well-being
Partnering with government agencies and central banks to modernize fraud prevention and cybersecurity
Government fraud is rising in scale and speed
From electronic benefits transfer (EBT) programs to critical financial systems and national cyber defense, government agencies and central banks protect services that millions depend on. But rising fraud and cyber-attacks are costing billions, straining resources and putting essential services and national resilience at risk. Agencies must be ready to defend against sophisticated AI-powered threats – despite constrained budgets.
Modernize your fraud defense with AI
INETCO’s AI-driven fraud prevention platform helps government agencies and central banks take a cost-effective approach to protecting critical financial infrastructure, detecting EBT fraud and supporting anti-money laundering (AML) programs – in real time and with minimal operational strain. Clear unbiased insight into suspicious behaviors and cyber activity enables rapid coordinated response across public and private sectors, reducing fraud losses, essential service disruption and recovery costs.
Modern, real-time fraud prevention and cybersecurity for government agencies
- 40%
- Shorter case investigation time
- 45%
- Reduction in false positives
- 30%
- Increase in fraud detection accuracy
Keep electronic benefits, public funds and critical financial infrastructure safe
Stop fraud before it causes harm and disruption
Reduce fraud losses and protect the public from new and evolving attacks like identity theft, account takeover, money laundering, EBT fraud and cyber threats
Protect national sovereignty and public trust
Hit the ground running with prebuilt alerts, dashboards and self-learning behavioral models that detect and block abnormal transaction patterns and beneficiary account activity instantly
Modernize defenses to block AI-driven attacks
Detect and block emerging AI-driven cyber threats and fraud in real-time to protect taxpayer and public funds, national financial infrastructure, critical payments and EBT services
Adopt modern solutions that boost public safety and service reliability
INETCO’s modern fraud prevention platform for next-gen financial crime and cybersecurity provides the real-time transaction intelligence government agencies and central banks need to take coordinated action across public and private sectors. Explore INETCO use cases involving identity theft, electronic benefits fraud, card-not-present fraud, account takeovers, money laundering, cyber-attacks such as DDoS, malware attacks and more.
- 12.5%
- Households in a northeastern state receiving supplemental benefits
- ~$4.7B
- Annual cost of EBT fraud in the US
- 10M
- Monthly EBT transactions monitored
One of the key reasons why this state chose INETCO BullzAI is because it is the only fraud solution that sees the complete SNAP transaction as it is processed, enabling it to identify fraud precisely and instantly. INETCO BullzAI is a unique, intelligent, AI-driven payment protection platform that detects fraudulent activity from skimmed cards and accounts that have been taken over. It can, as an option, decline them before the transaction has completed. INETCO creates unique profiles for every cardholder and can identify individual fraudulent payment activities in real-time, with in-depth data for payment fraud analytics that are not available with other systems.
Resources
ARTICLE
Safeguarding the most vulnerable in society from EBT fraud
INETCO BullzAI is a powerful fraud detection system that can detect and prevent EBT fraud skimming
ARTICLE
INETCO in the news: AI and machine learning as a solution to the EBT fraud epidemic
Protecting our communities’ most vulnerable citizens is paramount. The epidemic of EBT fraud has gotten completely out of hand but it’s not too late to significantly curb this criminal activity
ARTICLE
Tales from the fraud frontlines: The silent surge in rogue payment terminal fraud — and how to fight back
Rogue payment terminal fraud occurs when criminals either manipulate legitimate payment terminals or introduce unauthorized payment terminals into a network to process fraudulent transactions
ARTICLE
Tales from the fraud frontlines: Inside the rise of BIN attacks — and how to prevent them
In these types of increasingly common fraud attacks, criminals, often aided by artificial intelligence (AI), attempt to generate legitimate credit card numbers by starting with a known Bank Identification Number (BIN)