Case Study: Volksbank saves over $800K in 15 days with BforeAI PreCrime Defense

How Volksbank saved more than $800k in 15 days

Volksbank, a large Italian bank, faced an unsustainable surge in phishing and impersonation attacks in 2022, with each breach costing an average of $42,000. To address these mission-critical threats and their associated costs, the bank's security team sought a low-touch, automated solution and turned to BforeAI and its PreCrime Defense service.

BforeAI implemented its predictive AI security platform, which proactively identifies and disrupts malicious domains before they can cause harm. This solution provided Volksbank with alerts up to 72 hours prior to an attack and achieved an average threat remediation time of under 24 hours. The implementation by BforeAI resulted in an 80% reduction in attacks and saved the bank over $800,000 within the first 15 days.

Volksbank

Petra Chiste

Head of Security