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Lithuanian Tech Startup iDenfy Announces Launches Proxy Detection

Eliminate the threat of fraudulent activity online using identity verification technology.

 – The team at iDenfy is proud to announce the launch of their new product Proxy Detection. Proxy Detection will be utilized in combating fraudulent activity online.

Imposters or frauds will often use an anonymous IP address, otherwise known as a proxy, to commit illegal and fraudulent acts. IP addresses are logged and tracked any time a digital transaction is made online. Frauds will use a proxy to avoid detection by law enforcement, therefore leaving their actions untraceable and allowing the criminal acts to continue.

The purpose of iDenfy’s Proxy Detection is to analyze the internet and black market 24/7 in order to detect IP addresses. The algorithm has a 98.4% accuracy rate, recognising if an IP address has signs of involvement with malicious software. This is all being done in the background as a user starts their online transaction, so their user experience will not be affected by this additional layer of security. 

“I am proud that our team are tackling the black market, which thrives on fraud, head-on. We will continuously explore, research, and develop the necessary security tools to detect any fraudulent activity in the global marketplace”, state Domantas Ciulde.

The iDenfy team is dedicated to making the digital world a safer place by providing id verification technology through consumers’ devices. This KYC and AML approved software will minimize fraudulent activities, allowing consumers to be confident in their security when engaging in online transactions.

About iDenfy

iDenfy‘s goal is to turn a customer’s device into an ID scanning and face recognition system that makes it fast and easy to capture and verify their ID and other credentials to meet KYC and AML requirements. Real-time ID scanning and face verification are applied on websites and mobile applications, helping reduce risk and minimize fraud for online transactions. This enables customers to perform daily operations from their home instead of going to service centres, where a company needs many cost-ineffective employees. Also, it avoids the costly and time-consuming process of manual documentation required for submission and verification.

It was founded in 2017 at Kaunas University Technology Park by two childhood friends. Company in 2018 at Lithuania was awarded as Startup of the Year and in 2020 won the Fintech Startup Of The Year Award. iDenfy provides real-time identity verification service for financial, sharing-economy, gambling industries.

For more information and business inquiries, please visit www.idenfy.com.

For media inquiries, please contact Viktorija Bielskaite, [email protected]

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