Mobile phones and other technology are notoriously difficult to secure. There is a large second-hand market for these devices so there are many opportunities for thieves, fraudsters or even your own staff to turn these into cash.
AssetWatch is proven to provide fast accurate intelligence to take action against:
Very often you are made aware "after the event" and so cannot take any meaningful prevention or deter future activity.
As a major on-line retailer we work closely with Recipero to detect and prevent cybercrime.
We monitor stock in real-time for many retailers. They use the alerts we provide to prevent stock leakage and to pursue internal theft cases.
Asset management teams find managing and monitoring the loss of devices difficult. With devices increasing in value, claims of "loss or theft" increase and the incentive for employees to defraud their employers is higher. We work with corporate asset management teams and provide early warning alerts to allow them to detect fraudulent behavior.
This is a major problem and cost for most online retailers. Claims for "loss" in transit are very high and difficult to monitor. Some frauds are organized others opportunistic. We monitor devices until they reach their intended recipient and also check that devices that have been reported "lost" are visible to police to optimize the chance of repatriation.
As with retail, we monitor stock of devices held in warehouses and other distribution facilities. The intelligence we provide is used to complement existing stock management and allows employers to give a warning that devices are all "visible" to police.
Devices can be rented or leased with title remaining with the finance provider for a period. AssetWatch provides these financiers or lenders with alerts as soon as these devices are offered into second-hand markets. They can take action to avoid missed payments and recover assets.
Subsidized mobile devices have always offered fraud opportunities to thieves. AssetWatch allows retailers who provide these devices under contract to receive alerts as soon as the devices are offered into second-hand markets. They can take action to avoid missed payments and deal with churn and loyalty issues.
The solution to this problem is two-fold.
AssetWatch leverages Recipero's Crime Reduction Ecosystem to spot activity by police, insurers, second-hand traders, pawnshops and individual consumers buying from auction and classified sites.
We match that activity to serial numbered products you have told us you own and we alert you when someone attempts to trade them.
You receive real-time alerts from us that your device is in someone else's hands and they are trying to sell it. Additionally, we also return a "red flag" result to the trader meaning they will not accept the device so the thief will not profit from the crime.
Not only does it provide you and the police with valuable intelligence about time and place, but it also acts as a great deterrent. It is a simple solution but it only works because of Recipero's unique footprint of traders across the globe. Whether physical stores or online traders, the easy route for profit and the incentive to steal again is removed.
No cost, no obligation trial periods available. Totally risk free proof of concept. For more information please contact us to discuss your business needs.
US Office: +1 (720) 590 4711
UK Office: +44 (0) 113 388 4300
How does AssetWatch know about trading activity?
AssetWatch has access to Recipero's Crime Reduction Ecosystem. Part of this system is a footprint of thousands of traders who use our services to avoid buying compromised devices.
Online partners and tens of thousands of individual buyers from auction and classified listings sites also alert us to trade activity.
What information do you need to provide?
Once a day (more frequently if you can) tell us the serial numbers of items you have taken ownership of and those that you have sold or disposed of.
No personal information is required at all.