Understanding Fraud Prevention
Learn about the various fraud prevention measures Yeeld uses to protect your account
Yeeld employs multiple fraud prevention strategies to keep your account secure. Here’s an overview of the key measures in place:
- Real-Time Monitoring: Continuous monitoring of all account activities to detect unusual patterns or suspicious behaviour.
- Automatic Alerts: Immediate notifications if any suspicious activity is detected, such as multiple failed login attempts or changes to your account settings.
- Account Freezing: If potential fraudulent activity is identified, your account may be temporarily frozen to prevent further unauthorised transactions until verification is completed.
- Multi-Factor Authentication (MFA): MFA is used to add an extra layer of protection for your account by requiring multiple forms of verification.
- Secure Customer Authentication (SCA): Regulatory-compliant methods to authenticate payments and transactions securely.
By leveraging these advanced fraud prevention methods, Yeeld helps protect your financial information and reduce the risk of fraud.