July 13, 2021

Banks Blocking Anonymous VPN Providers and Fraud Question


Hi everyone.

I noticed banks are increasing the blocking of anonymizer VPN providers to deter fraud. When connecting from a VPN, the bank may block the login attempt, prompt the login process with a security question/answer, or in some more extreme cases, disable or close the account requiring the affected user to go into a branch to verify their identity with bank staff.

I understand why this is occurring with the increased fraud. However, my question is, what are the back-end providers banks are using to monitor for, detect, and prevent log-on from VPN providers?

Google research suggests several banks and financial providers use a company called Maxmind ([https://www.maxmind.com/en/home](https://www.maxmind.com/en/home)).

Does anyone know of any other back-end providers used to detect fraud during the log-on process?

Thank you for any insights or knowledge.

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