Category: News

JT has expanded its Mobile Intelligence offerings by acquiring Spectrum Message Services, an Australian-based company. Spectrum specialises in combining mobile communications platforms with anti-fraud and payment systems and has global partnerships with top-tier transactional software and service solution providers.

Spectrum’s flagship product, MoneyGuard, is a mobile alert system that’s used to process transactions for more than 120 million consumers worldwide using cards, accounts and other electronic payment forms. It’s been designed to help financial institutions fight fraud by alerting and communicating with customers through SMS, mobile apps, email and voice.

JT plans to seamlessly integrate MoneyGuard into its existing portfolio, enhancing its ability to protect customers from financial fraud and identity theft.

Daragh McDermott, CEO of JT Group, commented: “JT Group’s vision is to connect our customers, and this strategic acquisition perfectly aligns with our commitment to using data-driven solutions to combat financial fraud. MoneyGuard’s innovative features complement our existing Mobile Intelligence portfolio, bolstering our ability to provide effective communication channels in the dynamic world of financial transactions.”

Gerard Vos, Managing Director of Spectrum, added: “This marks an exciting chapter for MoneyGuard. Our shared vision for combining mobile alert systems with mobile intelligence aligns perfectly, and we look forward to contributing to its further growth by adding our expertise to JT’s initiatives in combating fraud whilst improving the overall customer experience.”

With the addition of MoneyGuard to its product portfolio, JT has solidified its position as a leader in Mobile Intelligence, combining expertise and solutions to create a more secure digital future.

For more information on Spectrum MoneyGuard click here >

Jersey Telecom (JT Group) in collaboration with anti-fraud specialist Honey Badger, proudly unveils Silent Authentication+, a groundbreaking passwordless technology, set to redefine how individuals access password-protected services, offering a swift, seamless and secure authentication experience.

Silent Authentication+ is the result of a strategic collaboration between JT and Honey Badger. This joint venture harnesses the same cryptographic technology employed by mobile networks to authenticate calls and data sessions.

Tom Noel, Chief Product Officer at JT said: “The launch of Silent Authentication+ represents a fundamental shift in how we approach customer authentication. Its speed, security and simplicity will change our interaction with password-protected services. Despite big technological advances and greater levels of awareness, passwords, systems access and user data are still susceptible to social engineering and fraud. Silent Authentication+ is completely immune to such measures.”

As service providers seek that all-important competitive advantage, this technology provides the opportunity to easily integrate seamless authentication into their customer journeys without the security risks, deployment costs and high friction of traditional SMS based authentication.

“Silent Authentication+ delivers all our objectives in developing a frictionless, more secure way to authenticate users. Online fraud and data security remain significant challenges, and our method removes authentication as a barrier to good customer experience while enhancing security,” says Matt Salisbury, CEO of Honey Badger.

Up to 20 times faster than OTP, Silent Authentication+ comes with additional security measures including in-built fraud detection, making it a turnkey solution for user logins, payment authentications and account recovery.

This new product seamlessly integrates into existing mobile and web applications through a user-friendly API, offering endless possibilities for user logins, payment authentications and more.

“Silent Authentication+ focusses on improving customer experiences by removing authentication barriers while maintaining and even enhancing security. By working together, combining Honey Badger’s innovation and JT’s global expertise in telecoms, we’ve developed a solution that recognises the crucial balance between security and user experience,” explains Peter Stok, Head of JT’s Fraud Protection Strategy.

With Silent Authentication+, users can say goodbye to passwords, reducing susceptibility to phishing and other fraudulent practices. The technology facilitates communication between the device and the network without the need for third-party apps, ensuring a super-fast, frictionless authentication process.

Silent Authentication+ is now available for integration with Android, iOS and web applications. For more information click here.

About Honey Badger
Honey Badger HQ Inc. is an innovative fraud prevention company that provides risk insights and authentication technology. The company aims to transform protection from bad actors with cost-effective risk and authentication solutions involving flexible pricing options for businesses of all sizes.

For more details about Honey Badger, please visit www.honeybadgerhq.com

Consumers face ever more sophisticated online crime, with fraudsters increasingly impersonating bank staff to trick people into handing over their hard-earned savings. Clare Messenger, JT’s Head of Fraud Protection Services, says rich mobile intelligence data is key to banks establishing stronger defences in The Times latest supplement: The Future of Finance.

Read the report here >

As the rapid adoption of a digital-first approach continues across every part of the economy, levels of fraud have soared. An increasingly sophisticated ecosystem of organised cybercriminals has led to mounting financial losses and greatly damaged customers’ experience, and more importantly their trust in how data processors and controllers safeguard their personal information.

Leading expert, Clare Messenger, Head of Fraud Protection Services at JT has been invited to lead a discussion panel on fraud prevention and management at this month’s Digital Trust World conference, examining the measures and solutions being taken to protect consumers online. Together with experts from UK Finance, Remote Payment Channels, Vodafone Identity Hub and FICO they will explore what digital trust means and what measurable steps can be taken to improve the trustworthiness of digital technologies through security and responsible technology use.

JT is an industry leader when it comes to customer security. Located in Jersey, Channel Islands one of the world’s premier financial jurisdictions, with years of experience in delivering stability and security for their business partners, JT’s innovative services are empowering clients to align with industry regulations and protect their consumers.

Clare said: “Businesses need to simultaneously combat fraud and provide customers with a seamless digital experience, if not, their trust in us is at stake. More than ever, the global economy is reliant on connectivity, the use of data and innovative digital technologies. But the risks are growing every day as criminals are finding increasingly creative ways to commit fraud to steal people’s identity and money. Simple tasks, such as being able to prove you are who you say you are need to take place in milliseconds to ensure seamless customer experience – as solution providers and custodians of data we must create a secure digital world. It is the basis of building customer confidence in how a company protects their data and personal details.”

Conference organiser Alan Goode, CEO & Chief Analyst, Goode Intelligence, added: “Digital trust means the secure way that businesses and customers carry out transactions and if you think of data as being the life blood of the digital economy, then digital trust is its heart. While the concept of trust has developed over thousands of years of human civilisation, the digital world has only been around for a matter of decades and needs to catch up. This exciting event, which brings together leading technology providers with business decision makers, investors, technology integrators and solution providers such as JT, will examine what the future may hold and how these challenges are being met.”

Taking place on Monday 21st November 2022 in London, Digital Trust World 2022 covers the following interconnected themes and technologies:

• Digital Onboarding (Identity Verification)
• Digital Identity
• Authentication & Privacy
• Fraud Management

REGISTER HERE >

For more information on JT, please visit www.jtglobal.com/International

October 5, 2020

03/10/2021 10:37:18

05/29/2020 08:03:41

JT International, a division of the JT Group headquartered in Jersey, Channel Islands, is partnering with mobile network operators across Australia to help businesses identify and prevent fraudulent activity. JT’s Fraud Protection Services (FPS) platform has the ability to access rich network data in real time, to help businesses identify and prevent fraudulent activity.

The Australian Telecoms industry (Comms Alliance and all the leading Australian Mobile Network Operators) have selected and implemented the JT FPS solution to identify SIM Swap activity. JT’s FPS was chosen as the only real time solution which could identify SIM Swap fraud across all Australian operator networks.

Implemented with a leading bank in Australia, the network data provided by the JT FPS solution has already proven to be highly effective in protecting their clients against account takeover fraud.

By working with mobile and virtual network operators worldwide, JT’s Fraud Protection Services provide the broadest global coverage possible to help prevent account takeover fraud. The service is widely used by banks, financial institutions and payment solution providers throughout the UK and around the world, providing additional security to mitigate risk; and is now available to all business sectors in Australia.

The risk of compromising personal and financial data remains a major challenge for many businesses as they seek to protect their customers from scams, despite stricter online security measures. In addition to rich data sources, JT provides an SMS firewall solution that protects consumers against smishing attacks. In conjunction with its Mobile Network Operator partners around the world, JT provides secure connectivity for mobile communication channels and authentication processes that validate transactions.

Clare Messenger, Head of Fraud Protection Services at JT, said: “Account take over by criminals is a significant problem. Mobile Network Operators (MNOs) have the ability to provide rich information that in turn helps businesses determine if a customer’s account has been compromised. Working on behalf of MNOs, JT has developed a platform that provides them with real time data, crucial to preventing scams such as Sim Swap Fraud. I’m delighted that our launch in Australia has been so successful.’’

JT has partnered with Sky Mobile, voted Uswitch Best Pay Monthly and Best Value Pay Monthly network, to provide additional security for its millions of customers when carrying out financial transactions on their mobile device.

By partnering with JT’s Fraud Protection Services (FPS) Sky Mobile can help UK Banks’ fraud detection systems to query valuable network information, providing an extra level of security to Sky Mobile’s customers against SIM swap fraud. Criminals use SIM swap fraud to gain access to bank accounts by hijacking one time pass codes sent to mobile phones.

Once triggered by the bank, JT’s system, in conjunction with Sky Mobile, can carry out a seamless background check to verify whether the SIM has been swapped on the customer’s phone, a key indicator of potential fraud and prevents criminals from stealing customers’ identities.

By working with mobile and virtual network operators globally, JT’s Fraud Protection Services provides the broadest coverage possible to prevent criminals from stealing customers’ identities. The service is already widely used by banks and businesses throughout the UK and around the world, providing additional security and peace of mind.

Clare Messenger, Head of Fraud Protection Services at JT, said: “SIM Swap Fraud is on the rise around the world and on average a customer loses £2,500 when a successful fraud is carried out. JT’s Fraud Protection Services provide an enhanced level of security when customers are making payments or using other sensitive information. What’s different about JT’s FPS platform is that it takes away the complexity of using multiple arrangements with mobile operators to create a single system to quickly verify transactions. We are delighted that our innovative services have been trusted by a leading brand like Sky Mobile to provide that extra confidence that their customers are protected against this type of fraud.”

Paul Taylor, Managing Director, JT International said: “The pandemic transformed our world in so many ways and one of those was increasing our reliance on using mobile phones to access the internet as part of our everyday lives. Fraudsters saw opportunities to use sophisticated techniques to target system vulnerabilities and we at JT International have been working hard to provide the necessary extra layers of protection to identify and prevent potential fraud.”

Paul Sweeney, Managing Director, Sky Mobile said: “With SIM swap fraud on the rise, it’s important to us that Sky Mobile customers are kept safe, which is why we’ve partnered with JT FPS to provide them with an additional level of protection and peace of mind.”

JT’s innovative Fraud Protection Services combines data and technology in the fight against fraud and financial crime, saving businesses and their customers millions as fraudsters step up their attempts to breach accounts.

Although stricter online security measures are making it harder for criminals,  the compromise of personal and financial data remains a significant problem for many businesses as they seek to protect their customers from scams.

There has been a worldwide increase in SIM card fraud – an account take over, where control is transferred from a genuine SIM card to one controlled by criminals. To combat this JT International developed a detection service, now widely used by international banks and leading businesses in the UK and around the world,  giving them the ability to automatically check if the identity of the person attempting to make a transaction is genuine.

One bank that’s using JT’s Fraud Protection Service (FPS) says the advanced technology is preventing an estimated loss of $100,000 every time a SIM swap fraud is detected.

By working with mobile network operators around the world, JT’s Fraud Protection Services is preventing criminal gangs from targeting call centres in their attempts to steal customers’ credentials to buy goods, access bank accounts or move and transfer money.

Clare Messenger, Head of Fraud Protection Services at JT, said: “Fraud is on the rise and with people more reliant on digital and mobile phone services, criminal organisations have been quick to exploit certain weaknesses. One such weakness identified as a prime area where account takeovers can occur is within call centres, a facility that is seen in many industries. At JT we have built strong relationships with network operators globally which means we can use our unique Fraud Protection Service to check customer credentials in milli-seconds, giving our customers peace of mind that their customers are swiftly protected without any drop in customer experience – a seamless, yet reassuring service.”

Paul Taylor, Managing Director, JT International said: “JT is well known for creating innovative products and services, and for some years now we have been building up our Fraud Protection Services, becoming the ‘go to’ partner for many leading finance houses and other service providers around the world. Fraud crosses all sectors, using real-time checks can speed up the time it takes to onboard customers, identifying possible problems while fast-tracking those that have passed the checks.  Our services can also be used throughout the lifecycle of a customer, continuing to provide ongoing insight that will help combat fraud.’’