Businesses can further boost their security with Singtel’s SingVerify suite of Telco Application Programming Interface (API) solutions. These APIs leverage telco data to safeguard online transactions.
This suite operates on three key pillars:
The Number Verify API ensures that transactions are tied to the registered SIM, helping to mitigate account takeovers by hackers attempting to use a stolen one-time password (OTP) on a different SIM.
The Device Location API leverages cell tower-based location data to cross-validate Global Positioning Service (GPS) or IP-based location information, enhancing fraud detection and improving the accuracy of authentication processes.
The Scam Sniffer API uses advanced analytics and machine learning to tackle authorised push payments frauds, where scammers impersonate friends or authority figures to deceive victims into transferring funds. Upon detecting a suspicious transaction, it assesses whether the victim has interacted with a potential scammer, offering critical insights to prevent fraud.
These APIs are invaluable for businesses and individuals engaging in frequent online activities, such as banking, e-commerce and transaction-related customer communication. They provide a proactive way to stay ahead of scams while preserving trust and ensuring security.
With scams constantly evolving, individuals and businesses must act as their own first line of defence by staying informed about the latest threats and practising safe cyber habits. Singtel’s robust security add-ons complement these efforts, empowering 5G customers to navigate the digital world with confidence and peace of mind.
Source: CNA
