Cracking the Code on Fraud

How SLC’s SIM-Based Verification Transforms KYC, KYB, and Login Security

How SLC’s Technology Monitors and Mitigates Cybercrime Across Critical Market Verticals

The fusion of AI, quantum computing, and cloud-based services has ushered in a transformative era for industries worldwide. From streamlining operations to sparking breakthroughs, the potential seems limitless. Yet, this digital revolution has a darker side: a booming cybercrime economy now valued at a staggering $9.5 trillion—ranking as the third-largest economy on the planet. With businesses becoming more reliant on cloud infrastructure, the stakes have never been higher. High-profile breaches are showing that vulnerabilities to fraud and cyberattacks are escalating rapidly, threatening not just operations but the very trust and stability that organizations are built on.

Bloomberg

This white paper dives deep into an issue that no business can afford to ignore: the urgent need for smarter, more adaptive fraud prevention strategies. As cyber threats grow more sophisticated, Know Your Customer (KYC) processes are grappling with identity spoofing and deepfake technologies, Know Your Business (KYB) systems face challenges in verifying complex corporate ownership structures and forged documents, and login protocols are under siege from credential stuffing and advanced phishing schemes. These processes - cornerstones of trust in the digital age - have become prime targets, exposing companies to reputational and financial risk.

But all is not lost. By embracing innovation and rethinking outdated approaches, businesses have the power to turn vulnerability into strength. SLC is at the forefront of this effort, delivering secure SIM-based identity verification technology that revolutionizes fraud prevention and user authentication when cloud solutions fail. By seamlessly integrating secure verification methods into KYC, KYB, and login protocols, SLC empowers businesses to stay one step ahead of cybercriminals, safeguarding not only their systems but also the trust of their customers. This paper offers practical, forward-thinking solutions to help organizations protect their systems, their stakeholders, and their futures.

Fraud Prevention in the Cloud: A Battle Against Evolving Threats

Fraud prevention in cloud-only ecosystems presents unique challenges that static, outdated methodologies cannot effectively address. Key areas of vulnerability include:

KYC: A Step Behind Identity Fraud

KYC processes are under siege. Cybercriminals increasingly exploit identity spoofing, deepfake technologies, and synthetic identities to bypass verification systems. Fraudulent activity during digital onboarding not only exposes organizations to financial crime but also threatens regulatory compliance, leading to costly penalties and reputational damage.

KYB: Untangling Complex Business Structures

Verifying businesses is no simpler. KYB systems face challenges such as opaque corporate ownership structures, cross-border legal inconsistencies, and fraudulent documentation. Shell companies and fake entities are often used to evade compliance checks, making it difficult for organizations to identify legitimate businesses.

Logical Access: A Gateway for Cyberattacks

Login protocols are another weak point. Cybercriminals employ tactics such as credential stuffing, phishing, and brute force attacks to gain unauthorized access. The shift to cloud-only environments exacerbates these vulnerabilities, as static passwords and weak authentication methods fail to keep pace with evolving threats.

Recent high-profile cases underscore the severity of these threats:

  • TD Bank’s Money Laundering Scandal: In October 2024, TD Bank agreed to pay over $3 billion in penalties after pleading guilty to violating federal money laundering laws. The bank’s inadequate anti-money laundering (AML) controls facilitated over $400 million in illicit transactions, leading to significant financial and reputational damage. (Reuters)

  • Zelle Fraud Allegations: In December 2024, the Consumer Financial Protection Bureau (CFPB) sued major banks, including Bank of America, JPMorgan Chase, and Wells Fargo, alleging failure to protect users from widespread fraud on the Zelle payment network. Since Zelle’s launch, it’s estimated that $870 million has been lost to fraud, with victims receiving little to no assistance. (Investopedia)

  • Wells Fargo Account Fraud Scandal: Wells Fargo faced significant penalties for opening unauthorized accounts on behalf of customers without their consent. In 2016, the bank was fined a combined total of $185 million, leading to the firing of nearly 5,300 employees and substantial reputational damage. (Wikipedia)

  • Unauthorized Access to Robinhood Systems: From June 2021 through November 2021, Robinhood failed to adequately address known risks posed by a cybersecurity vulnerability related to remote access to their systems. In November 2021, a third party obtained unauthorized access and downloaded information related to millions of individuals who had provided that information to Robinhood. (SEC)

Why Traditional Fraud Prevention Falls Short

Traditional fraud prevention systems are rooted in static processes that fail to meet the demands of today’s rapidly evolving threat landscape. KYC and KYB rely on one-time, static document verification methods that cannot adapt to shifting risks or account for dynamic behavioral patterns. Login protocols often depend on outdated measures like static passwords and two-factor authentication, both of which are highly susceptible to credential theft and social engineering attacks. Additionally, many cloud-based systems lack tamper-resistant hardware, leaving them vulnerable to sophisticated exploits such as AI-generated fake IDs. This rigidity creates a reactive, patchwork approach to fraud prevention, forcing institutions to continuously scramble to recover from targeted breaches rather than proactively preventing them.

Fraud via Mail Theft: The persistence of paper checks has become a lucrative opportunity for scammers. In 2022, the U.S. saw a nearly 400% increase in check fraud, causing significant financial losses. Scammers alter checks, deposit them, and quickly withdraw funds before banks can verify the transactions. (The Wall Street Journal)

Internal Bank Fraud: Rank-and-file bank workers have been caught selling client data to online fraudsters, aiding in sophisticated scams that target the savings of Americans. These employees, often the lowest-paid, expose a major vulnerability in bank security. (New York Post)

These limitations underscore the urgent need for a dynamic, adaptive approach to fraud prevention.

The Solution: Continuous Authentication with SLC

SLC’s SIM-based identity verification technology redefines fraud prevention by transitioning from static methodologies to a dynamic, continuous authentication architecture. Built on a foundation of Secure Execution Environments (SEE) and distributed computing principles, SLC’s solution delivers unmatched security and reliability for cloud-only ecosystems.

Key Elements of SLC’s Hybrid Technology Approach

SLC has developed a multi-patents-pending hybrid technology that integrates Mobile Networks (MN), SIM, Internet Cloud (IC), and Node Consensus (NC) components through innovations like Quorum PoA on-chain recordation. This cutting-edge solution leverages secure-core-silicon mobile endpoints (SIMs and eSIMs) to continuously monitor mobile network data, smartphone profiles, and radio frequency (RF) patterns.

By analyzing these data points in near-real-time, SLC dynamically authenticates both human and machine behaviors. The result is unparalleled fraud detection and prevention powered by SLC Identity Metrics (SLC IMs); a unique suite of monitoring tools supported by tamper-proof blockchain recordation.

Dynamic Authentication

SLC replaces outdated, static processes with real-time, adaptive verification mechanisms. Instead of verifying users once and leaving gaps for exploitation, it monitors and revalidates identities in real time, proactively detecting and preventing threats. This transforms fraud prevention from a reactive to a proactive strategy, enabling organizations to outpace evolving risks. Features include behavioral biometrics to detect anomalies in user activity and AI-driven threat detection to adapt to emerging risks in real time.

Secure Execution Environment (SEE)

SLC leverages tamper-resistant hardware to provide an unshakable foundation of trust. Unlike software-based solutions, SEE ensures data integrity and reliability by embedding security at the hardware level.

Distributed Computing Methodology

By decentralizing verification processes, SLC eliminates single points of failure and enhances system resilience. This approach ensures that even targeted attacks cannot compromise the entire system.

SIM-Based Verification

SIM cards provide a globally recognized, tamper-resistant layer of security. By tying identity verification to the SIM card, SLC ensures a level of trust and reliability far beyond what software-based solutions can offer. Unlike static credentials or software-based methods, SIM cards provide tamper-resistant hardware that anchors identity verification to an unbreakable layer of trust. This hardware-backed security ensures resilience against even the most advanced fraud techniques, such as deepfake identities or credential stuffing.

Comeptitive Landscape

SLC SIM

Multi-Factor AUTH

Multi-Factor SMS

Multi-Factor Biometric

Passkeys

Tamper Resistance​

Secure-core silicon in SIMs

Dependent on device hardware

SMS easily intercepted/spoofed

Biometric data can be faked

Fairly secure but can be stolen

End-to-End Encryption (E2E)

AES 256 encryption + blockchain

Commonly encrypted but varies

SMS not inherently encrypted

Often encrypted locally / in transit

Encryption for storage / comms

Cost per Authentication​

Existing mobile infrastructure; no new hardware required

Varies by vendor/implementation

Minimal infrastructure cost

Specialized hardware or software

Embedded in devices

Data Quality​

Granular data on device, behavior, and traffic for fraud detection

Static or limited behavioral data

Minimal data beyond confirmation

Data limited to biometric patterns

Device-level validation, limited behavioral insight

User Onboarding Difficulty​

SIMs are universally compatible

Reqs. setup on devices

Minimal setup for SMS delivery

Requires enrollment of biometrics

Reqs. device compatibility/setup

User Login Event Convenience​

Seamless with mobile activity

App prompts or codes

Wait for and input SMS codes

Engage with biometric sensors

Easy login once set up

Cloud Vulnerability​

Processes occur on SIM and local hardware, reducing dependency

Often requires cloud validation

Cloud-based SMS delivery

Cloud needed for some biometric processing

Device-to-cloud communication necessary

Best in class

Moderate

Trailing

Delivering Tangible Business Benefits

Digital account takeovers represent one of the most damaging forms of financial fraud, costing organizations billions annually. Despite the scale of the threat, 66% of financial institutions continue to rely on traditional authentication methods such as Two-Factor Authentication (2FA) and Multi-Factor Authentication (MFA). These methods include tools like Google Authenticator, Microsoft Authenticator, and SMS one-time passwords (OTP), as well as step-authentication mechanisms like liveness tests and document verification. However, these approaches have limitations. Static credentials and SMS OTPs are vulnerable to interception, while step-authentication adds friction to the user experience and incurs additional costs without fully addressing the root causes of fraud.

Let’s look at SLC’s ID verification technology in action in an example case involving an educational institution: 

  1. Login Request: A student or faculty member attempts to log in to the institution’s online portal or application (e.g., for accessing course materials, grades, or administrative systems). 


  2. Identity Verification Request: The portal forwards an ID Verification Request to the institution’s authentication system, integrated with the SLC Secure SIM platform. 


  3. SIM Mobile Measurements Collection: The SLC SIM applet on the user’s smartphone collects real-time Identity Measurements (IMs) to ensure that the user is using the correct SIM on the correct device, exhibiting typical usage patterns. 


  4. Blockchain Recordation and Analysis: These IMs are anonymized, encrypted, and sent to the SLC blockchain for processing and verification. The data undergoes validation within the Secure Execution Environment (SEE) to ensure tamper-proof authentication. 


  5. Verification Outcome

    1. Confirmed ID Verification: If the user’s identity is authenticated successfully, the portal grants access to the requested resources. 

    2. Failed ID Verification: If anomalies or suspicious activities are detected (e.g., SIM swapping, abnormal usage patterns), the system flags the attempt, and access is denied. The incident is escalated to the institution’s fraud or IT security department for review. 

    3. Access Granted or Denied: For confirmed identities, access is provided seamlessly without requiring additional steps from the user. 

      1. For failed attempts, the user receives a notification to verify their identity manually or resolve the issue with the institution’s support team. 

Advantages in the Institutional Context:

Enhanced Security

Protects sensitive data like staff records and administrative documents from unauthorized access.

Seamless User Experience

Reduces login friction by enabling “silent authentication” without multiple steps.

Proactive Fraud Detection

Identifies and blocks potential account takeovers or phishing attempts in real time.

Compliance Support

Provides auditable, immutable logs to meet regulatory standards for data protection in education.

The Common-Sense Business Solution

The best part? SLC uses existing mobile networks - no extra hardware, complex setups, or high support costs - making it a fraction of the price of other authentication solutions, which cost on average between $10-20 per user per month for enterprises. The business potential of our solution is clear and present, considering how large institutions frequently face annual fraud numbers in the hundreds of millions of dollars, and government fines in the billions. Our estimates indicate that SLC may reduce fraud by over 50%.

SLC’s SIM Verification integrates effortlessly into existing systems without requiring major overhauls, enhancing the security of KYC, KYB, and login protocols. Its ability to monitor, audit, and optimize authentication processes positions it as a vital tool for combating digital account takeovers while reducing operational costs and improving the user experience. This solution not only strengthens defenses against cybercriminals but also empowers financial institutions to regain control over their digital ecosystems, safeguarding customers and restoring trust in the face of a rapidly evolving threat landscape.

Regulatory Compliance Made Simple

Regulatory compliance is an increasingly complex challenge for businesses operating in today’s interconnected digital world. With ever-tightening global standards like GDPR, HIPAA, and PCI DSS, organizations need solutions that not only protect sensitive data but also demonstrate accountability. SLC makes compliance seamless by leveraging AES 256-bit encryption and Secure Execution Environments (SEE) to safeguard personal and transactional data. Every interaction is recorded on a private-node blockchain, creating transparent, tamper-proof logs that can be easily audited for regulatory reporting and investigations.

SLC’s architecture also enhances KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance by ensuring robust, dynamic identity authentication. Whether it’s verifying customer onboarding, monitoring transactions, or producing immutable audit trails, SLC’s technology simplifies compliance processes while providing the confidence needed to meet regulatory demands. By embedding security and transparency into its systems, SLC empowers businesses to focus on growth while maintaining trust with regulators and customers alike.

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Revolutionizing Cybersecurity

The sophistication of modern cyber threats, including AI-driven and quantum-computing-based attacks, requires a radical shift in how businesses approach cybersecurity. SLC addresses this challenge by combining blockchain technology and secure hardware to create quantum-resilient defenses that are far more robust than traditional systems. The tamper-resistant design of SLC’s SIM cards ensures endpoint security that operates independently of potentially compromised platforms like iOS and Android. This means the SLC SIM serves as an independent auditor, validating data integrity even in cloud-only environments.

With its ability to continuously monitor hardware, software, and RF data, SLC provides proactive threat detection that identifies and mitigates risks in real time. Automated responses neutralize vulnerabilities before they can be exploited, significantly reducing the window of opportunity for attackers. By integrating these advanced capabilities, SLC ensures businesses are not just reactive to threats, but actively fortified against them, securing critical operations and protecting sensitive data.

Transforming Industries with SLC Technology

SLC’s solutions are as versatile as they are powerful, enabling businesses across industries to strengthen their security, streamline compliance, and enhance fraud prevention.

In financial services, for example, SLC transforms customer onboarding by dynamically verifying identities through behavioral and device data, ensuring secure and seamless user experiences. Similarly, e-commerce platforms benefit from SLC’s ability to prevent fake account registrations and authenticate high-value transactions, reducing fraud risks for both buyers and sellers. In healthcare, SLC safeguards patient data during telehealth interactions while validating provider credentials to prevent fraudulent claims.

Cryptocurrency platforms also stand to gain significantly. SLC authenticates wallet creation and monitors transactions for compliance with AML and Counter-Terrorism Financing (CTF) regulations, helping exchanges build trust in a volatile market. Meanwhile, cross-border remittance services can leverage SLC to authenticate senders and recipients, ensuring compliance with international financial standards – creating the possibility for groundbreaking steps forward in the world of microfinancing in developing nations. For corporations, SLC supports vendor verification, employee onboarding, and secure remote work, enhancing operational integrity across the board.

By adapting to the unique needs of diverse industries, SLC provides the tools organizations need to protect their ecosystems, comply with regulations, and foster trust at every level.

The SLC Vision: Securing the Digital Future

SLC is more than a technology, it’s a vision for the future of fraud prevention, compliance, and cybersecurity. By combining the power of dynamic authentication, immutable blockchain recordation, and real-time threat detection, SLC offers a comprehensive solution that addresses today’s most pressing challenges while anticipating the needs of tomorrow.

Whether it’s helping financial institutions prevent fraud, enabling e-commerce platforms to secure transactions, or supporting compliance in highly regulated industries, SLC empowers businesses to operate with confidence in an increasingly complex digital world. In doing so, it not only protects operations but also builds the trust and resilience needed to thrive.

The future of secure digital ecosystems is here, and SLC is leading the way.

Appendix: Glossary of Terms

AES 256-Bit Encryption

A widely recognized standard for data encryption that ensures sensitive information is securely stored and transmitted. It is used by SLC to protect all identity metrics and transactional data.

AI-Driven Fraud

Fraud techniques that leverage artificial intelligence, such as deepfake-generated identities or automated credential-stuffing attacks, to exploit vulnerabilities in traditional security systems.

AML (Anti-Money Laundering)

Regulatory frameworks designed to prevent money laundering by verifying user identities, monitoring transactions, and ensuring compliance with financial standards. SLC’s technology enhances AML efforts through dynamic identity verification.

Behavioral Analytics

The analysis of user behavior patterns, such as app usage, location changes, and interaction styles, to establish a baseline for legitimate activity. SLC uses behavioral analytics to flag deviations as potential fraud risks.

Blockchain Recordation

The process of storing data on a blockchain for immutability and transparency. SLC uses private-node blockchain technology to record every transaction securely, ensuring tamper-proof logs for audits and investigations.

Continuous Authentication

A dynamic security model where users and devices are continually monitored and revalidated during sessions or transactions. This approach replaces static, one-time verification methods and is central to SLC’s fraud prevention system.

CTF (Counter-Terrorism Financing)

Regulations aimed at preventing the use of financial systems for funding terrorism. SLC’s identity verification and transaction monitoring support compliance with CTF standards.

Dynamic Authentication

A method of validating users and devices in real-time, based on continuously updated metrics like behavior patterns, device integrity, and data traffic. SLC employs this approach to adapt to evolving fraud risks.

eSIM (Embedded SIM)

A digital version of a SIM card embedded directly into devices, offering flexibility and improved security. SLC leverages eSIM technology for its fraud prevention solutions.

Immutable Recordation

The creation of data logs that cannot be altered or tampered with, typically achieved through blockchain technology. SLC uses immutable recordation to ensure the integrity of identity metrics and transactional data.

KYC (Know Your Customer)

The process of verifying the identities of customers to prevent fraud and comply with regulatory requirements. SLC enhances KYC by integrating behavioral monitoring and dynamic device authentication.

KYB (Know Your Business)

Similar to KYC but focused on verifying the identities and legitimacy of businesses. SLC uses secure endpoints and blockchain records to streamline KYB processes.

Node Consensus

A mechanism used in blockchain systems where multiple nodes agree on the validity of data before it is recorded. SLC uses Quorum Proof-of-Authority (PoA) consensus for secure and efficient data recording.

PoA (Proof of Authority)

A consensus algorithm in blockchain technology where pre-approved nodes validate transactions. SLC’s private-node blockchain utilizes PoA for efficient, secure recordation.

Quorum Blockchain

A permissioned blockchain platform designed for enterprise use. SLC integrates Quorum to enable private, secure, and immutable data recordation.

RF Data-Packet Patterns

Patterns in the radio frequency data exchanged between devices and networks. SLC analyzes these patterns to detect anomalies and authenticate users and devices.missioned blockchain platform designed for enterprise use. SLC integrates Quorum to enable private, secure, and immutable data recordation.

SEE (Secure Execution Environment)

A hardware-based secure area within a processor that ensures sensitive data is processed safely and tamper-resistant. SLC uses SEE to ensure the integrity of its fraud prevention operations.

SIM (Subscriber Identity Module)

A small, tamper-resistant chip used in mobile devices to store user credentials and enable secure communication. SLC uses SIM technology as a foundation for its secure authentication and fraud prevention solutions.

SLC Identity Metrics (SLC IMs)

A collection of data points monitored by SLC’s SIM-based technology, including hardware, software, and user behavior, to authenticate users and detect fraud in real-time.

SOC (Security Operations Center)

A centralized unit that monitors and manages an organization’s security posture. SLC’s technology provides insights and tools to enhance SOC capabilities for manual fraud intervention.

Tamper-Resistant Hardware

Hardware designed to prevent unauthorized access or modification. SLC leverages tamper-resistant SIM and eSIM technology to protect data and ensure secure authentication.

Transaction Monitoring

The practice of analyzing financial transactions to detect suspicious activity. SLC enhances transaction monitoring with dynamic authentication and blockchain-based recordation.

Appendix: Glossary of Terms

AES 256-Bit Encryption

A widely recognized standard for data encryption that ensures sensitive information is securely stored and transmitted. It is used by SLC to protect all identity metrics and transactional data.

AI-Driven Fraud

Fraud techniques that leverage artificial intelligence, such as deepfake-generated identities or automated credential-stuffing attacks, to exploit vulnerabilities in traditional security systems.

AML (Anti-Money Laundering)

Regulatory frameworks designed to prevent money laundering by verifying user identities, monitoring transactions, and ensuring compliance with financial standards. SLC’s technology enhances AML efforts through dynamic identity verification.

Behavioral Analytics

The analysis of user behavior patterns, such as app usage, location changes, and interaction styles, to establish a baseline for legitimate activity. SLC uses behavioral analytics to flag deviations as potential fraud risks.

Blockchain Recordation

The process of storing data on a blockchain for immutability and transparency. SLC uses private-node blockchain technology to record every transaction securely, ensuring tamper-proof logs for audits and investigations.

Continuous Authentication

A dynamic security model where users and devices are continually monitored and revalidated during sessions or transactions. This approach replaces static, one-time verification methods and is central to SLC’s fraud prevention system.

CTF (Counter-Terrorism Financing)

Regulations aimed at preventing the use of financial systems for funding terrorism. SLC’s identity verification and transaction monitoring support compliance with CTF standards.

Dynamic Authentication

A method of validating users and devices in real-time, based on continuously updated metrics like behavior patterns, device integrity, and data traffic. SLC employs this approach to adapt to evolving fraud risks.

eSIM (Embedded SIM)

A digital version of a SIM card embedded directly into devices, offering flexibility and improved security. SLC leverages eSIM technology for its fraud prevention solutions.

Immutable Recordation

The creation of data logs that cannot be altered or tampered with, typically achieved through blockchain technology. SLC uses immutable recordation to ensure the integrity of identity metrics and transactional data.

KYC (Know Your Customer)

The process of verifying the identities of customers to prevent fraud and comply with regulatory requirements. SLC enhances KYC by integrating behavioral monitoring and dynamic device authentication.

KYB (Know Your Business)

Similar to KYC but focused on verifying the identities and legitimacy of businesses. SLC uses secure endpoints and blockchain records to streamline KYB processes.

Node Consensus

A mechanism used in blockchain systems where multiple nodes agree on the validity of data before it is recorded. SLC uses Quorum Proof-of-Authority (PoA) consensus for secure and efficient data recording.

PoA (Proof of Authority)

A consensus algorithm in blockchain technology where pre-approved nodes validate transactions. SLC’s private-node blockchain utilizes PoA for efficient, secure recordation.

Quorum Blockchain

A permissioned blockchain platform designed for enterprise use. SLC integrates Quorum to enable private, secure, and immutable data recordation.

RF Data-Packet Patterns

Patterns in the radio frequency data exchanged between devices and networks. SLC analyzes these patterns to detect anomalies and authenticate users and devices.missioned blockchain platform designed for enterprise use. SLC integrates Quorum to enable private, secure, and immutable data recordation.

SEE (Secure Execution Environment)

A hardware-based secure area within a processor that ensures sensitive data is processed safely and tamper-resistant. SLC uses SEE to ensure the integrity of its fraud prevention operations.

SIM (Subscriber Identity Module)

A small, tamper-resistant chip used in mobile devices to store user credentials and enable secure communication. SLC uses SIM technology as a foundation for its secure authentication and fraud prevention solutions.

SLC Identity Metrics (SLC IMs)

A collection of data points monitored by SLC’s SIM-based technology, including hardware, software, and user behavior, to authenticate users and detect fraud in real-time.

SOC (Security Operations Center)

A centralized unit that monitors and manages an organization’s security posture. SLC’s technology provides insights and tools to enhance SOC capabilities for manual fraud intervention.

Tamper-Resistant Hardware

Hardware designed to prevent unauthorized access or modification. SLC leverages tamper-resistant SIM and eSIM technology to protect data and ensure secure authentication.

Transaction Monitoring

The practice of analyzing financial transactions to detect suspicious activity. SLC enhances transaction monitoring with dynamic authentication and blockchain-based recordation.

Appendix: Glossary of Terms

AES 256-Bit Encryption

A widely recognized standard for data encryption that ensures sensitive information is securely stored and transmitted. It is used by SLC to protect all identity metrics and transactional data.

AI-Driven Fraud

Fraud techniques that leverage artificial intelligence, such as deepfake-generated identities or automated credential-stuffing attacks, to exploit vulnerabilities in traditional security systems.

AML (Anti-Money Laundering)

Regulatory frameworks designed to prevent money laundering by verifying user identities, monitoring transactions, and ensuring compliance with financial standards. SLC’s technology enhances AML efforts through dynamic identity verification.

Behavioral Analytics

The analysis of user behavior patterns, such as app usage, location changes, and interaction styles, to establish a baseline for legitimate activity. SLC uses behavioral analytics to flag deviations as potential fraud risks.

Blockchain Recordation

The process of storing data on a blockchain for immutability and transparency. SLC uses private-node blockchain technology to record every transaction securely, ensuring tamper-proof logs for audits and investigations.

Continuous Authentication

A dynamic security model where users and devices are continually monitored and revalidated during sessions or transactions. This approach replaces static, one-time verification methods and is central to SLC’s fraud prevention system.

CTF (Counter-Terrorism Financing)

Regulations aimed at preventing the use of financial systems for funding terrorism. SLC’s identity verification and transaction monitoring support compliance with CTF standards.

Dynamic Authentication

A method of validating users and devices in real-time, based on continuously updated metrics like behavior patterns, device integrity, and data traffic. SLC employs this approach to adapt to evolving fraud risks.

eSIM (Embedded SIM)

A digital version of a SIM card embedded directly into devices, offering flexibility and improved security. SLC leverages eSIM technology for its fraud prevention solutions.

Immutable Recordation

The creation of data logs that cannot be altered or tampered with, typically achieved through blockchain technology. SLC uses immutable recordation to ensure the integrity of identity metrics and transactional data.

KYC (Know Your Customer)

The process of verifying the identities of customers to prevent fraud and comply with regulatory requirements. SLC enhances KYC by integrating behavioral monitoring and dynamic device authentication.

KYB (Know Your Business)

Similar to KYC but focused on verifying the identities and legitimacy of businesses. SLC uses secure endpoints and blockchain records to streamline KYB processes.

Node Consensus

A mechanism used in blockchain systems where multiple nodes agree on the validity of data before it is recorded. SLC uses Quorum Proof-of-Authority (PoA) consensus for secure and efficient data recording.

PoA (Proof of Authority)

A consensus algorithm in blockchain technology where pre-approved nodes validate transactions. SLC’s private-node blockchain utilizes PoA for efficient, secure recordation.

Quorum Blockchain

A permissioned blockchain platform designed for enterprise use. SLC integrates Quorum to enable private, secure, and immutable data recordation.

RF Data-Packet Patterns

Patterns in the radio frequency data exchanged between devices and networks. SLC analyzes these patterns to detect anomalies and authenticate users and devices.missioned blockchain platform designed for enterprise use. SLC integrates Quorum to enable private, secure, and immutable data recordation.

SEE (Secure Execution Environment)

A hardware-based secure area within a processor that ensures sensitive data is processed safely and tamper-resistant. SLC uses SEE to ensure the integrity of its fraud prevention operations.

SIM (Subscriber Identity Module)

A small, tamper-resistant chip used in mobile devices to store user credentials and enable secure communication. SLC uses SIM technology as a foundation for its secure authentication and fraud prevention solutions.

SLC Identity Metrics (SLC IMs)

A collection of data points monitored by SLC’s SIM-based technology, including hardware, software, and user behavior, to authenticate users and detect fraud in real-time.

SOC (Security Operations Center)

A centralized unit that monitors and manages an organization’s security posture. SLC’s technology provides insights and tools to enhance SOC capabilities for manual fraud intervention.

Tamper-Resistant Hardware

Hardware designed to prevent unauthorized access or modification. SLC leverages tamper-resistant SIM and eSIM technology to protect data and ensure secure authentication.

Transaction Monitoring

The practice of analyzing financial transactions to detect suspicious activity. SLC enhances transaction monitoring with dynamic authentication and blockchain-based recordation.

Secure Your Future with SLC SIM Verification

Our experts are standing by to show you how SLC can enhance your security, streamline operations, and boost customer trust.

Secure Your Future with SLC SIM Verification

Our experts are standing by to show you how SLC can enhance your security, streamline operations, and boost customer trust.

Secure Your Future with SLC SIM Verification

Our experts are standing by to show you how SLC can enhance your security, streamline operations, and boost customer trust.