Preventing Fraud: HDFC Life Onboards Adby Ventures as their Anti-fraud PartnerAdby Ventures (11:42AM)
Business Wire India
Insurance industry suffers fraud in more ways than one. We're not just talking about the bogus insurance claims.
Technology-savvy new-age fraudsters play a more intelligent game. As Insurance companies have migrated a part of their marketing and sales online, fraudsters have found new avenues to make money. Using bots, fake registrations, cancellations, click farms and more, fraudsters syphon away a significant chunk of the business's budget and productivity, spoiling the experience of genuine customers as well.
Adby Ventures, a company specializing in preventing frauds against businesses, announced today that HDFC Life, one of India's largest insurance players, has implemented its solutions to detect and prevent fraud and protect interests of the business & the customers. According to web stats, lakhs of users visit HDFC Life online every month to evaluate and buy insurance. HDFC Life drives a significant part of their business through this online platform, employing a variety of online marketing channels.
"Fraud is omnipresent. It is impossible for a digital marketer to escape it. Smarter is the marketer who acknowledges the risk and works towards mitigating it," says Vivek Singh, co-founder, Adby Ventures. "In my ten years of marketing role, I faced everything from bot-spamsa to large call-centers especially designed to punch fraud. I am glad to work with other marketers to build defense layers against them. Globally, Ad Fraud is estimated to be more than 16 Bn dollar problem this year. It is considered one of the largest forms of organized crime. Adby Ventures has deployed monitoring layer had HDFC Life's online insurance platform, and it will serve as a gate for all incoming digital traffic. Suspicious patterns are immediately caught and reported. It serves as a CCTV except that it additionally highlights the thief in Red," said Vivek.
About Adby Ventures
Adby Ventures provides media-intelligence and fraud-intelligence services to business and their marketing team. It enables marketing teams to detect fraud in real time and make sure their efforts and budgets are utilized on cleaner and productive channels. Adby employs awareness, audits and monitoring tools and technologies to ensure that digital marketers stay a step ahead of digital fraudsters.
aAdditionally, Adby Ventures provides media-intelligence aplatform to publishers, advertisers and agencies - enabling them to keep a watch on the market opportunities and the ad strategies of competitors. RummyCircle, Airtel, Jagran, HindustanTimes, Network18, Vodafone, Bloomberg Quint, Adda52 and GroupM are some of the clients that Adby Ventures services.
For more information visit www.adbyventures.com
Adby Ventures, Saurav Patnaik, +91-9560993594
Mumbai, Maharashtra, India