Photo 134339129 © Phuttaphat Tipsana |
Dreamstime M 134339129

DAT introduces AI-powered identity-verification to combat fraud

Sept. 25, 2023
With 56% of freight fraud cases being identity-related, DAT is launching an AI-powered tool to verify identities, ensure the legitimacy of load postings, and monitor, detect, and block fraud in real time.

Trucking research company DAT Freight & Analytics has developed an AI-powered identity-fraud detection and prevention platform through a partnership with Verosint, to help prevent the unauthorized use of customer login credentials and combat the growing threat of identity theft in trucking and logistics, DAT announced.
This new technology, which it calls an industry first, allows DAT to leverage AI and machine learning to validate user identities and scrutinize suspicious accounts.

Users of the DAT network can now:

  • Verify the identity of the entities they are doing business with
  • Ensure the legitimacy of load postings on the DAT load board
  • Monitor, detect, and block fraud in real time.
  • Leverage DAT rules, signals, and intelligence to identify signatures and block fraud.

DAT reports that 56% of the fraud cases it investigates are identity-related, driven by account takeovers, credential stuffing, new-account fraud, and synthetic (BOT) accounts.

See also: Industry responds to heightened cargo theft

According to the release, without sophisticated identity verification to detect and preempt potential fraud at scale, operators of online freight networks have to investigate reports of suspicious activity individually, a laborious manual process. This AI and Machine Language-based innovation enables DAT to intervene swiftly and selectively, enhancing its ability to prevent fraud activity before it happens, the company stated.

Mac Pinkerton, president of North American surface transportation at C.H. Robinson, said, “Automated identity verification is a game-changer. The ability to automatically detect and stop cybercriminals in real-time is crucial to a more secure freight marketplace and a testament to DAT’s commitment to fighting fraud.”

The partnership is part of DAT’s fraud-prevention program announced earlier this year.

See also: Transfix launches shipment verification to combat fraud

Stephen Shoaff, CEO and co-founder of Verosint, said: “Identity-based cybercrime is challenging all businesses, and account fraud is a key enabler of these crimes. We are thrilled DAT chose our platform to monitor all identity transactions for real-time detection and prevention of fraud. Our combined expertise will deliver the industry’s highest protection against fraudulent identity events, setting what we believe to be a new standard.”

Sponsored Recommendations

Way Beyond Weight: 5 Ways Truck Weights Affect Fleet Operations

Truck weights affect everything from highway safety and operational costs to back-office efficiency. Here’s how.

Heavy-Duty Maintenance Checklist

A maintenance checklist can help ensure you hit everything necessary during an inspection. Check out our free downloadable checklist to help streamline your repairs.

Five Ways a Little Data Can Save Your Company Millions

While most trucking and logistics companies rely on cellular to keep their work fleet connected, satellite has the ability to connect anywhere and through small data transmission...

Fleet Case Study: 15% YOY Growth for ITDS

Learn how this small trucking company scaled significantly and maintained outstanding customer service without adding additional people. Sylectus TMS can automate operations and...

Voice your opinion!

To join the conversation, and become an exclusive member of FleetOwner, create an account today!