Case Study: Volksbank saves over $800K and cuts phishing attacks with BforeAI PreCrime Defense

Volksbank saves over $800K in 15 days with BforeAI

Volksbank, a large Italian bank, faced a critical challenge from escalating phishing and impersonation attacks in 2022. These attacks were costing the bank an average of €42,000 per breach, leading to millions in annual losses and creating unsustainable reputational risks. To address this, Volksbank turned to BforeAI and its PreCrime Defense solution, seeking an automated platform to predict and disrupt malicious domains before they could cause damage.

By implementing BforeAI's PreCrime Defense, Volksbank gained the ability to detect threats up to 72 hours before malicious activity occurred. The solution provided automated takedowns and a remarkably low false positive rate of 0.05%. The results were immediate and significant; within the first 15 days, BforeAI helped Volksbank save €800,000. Overall, the bank reduced attacks on its customers by 80%, achieving quarterly savings of over €1.5 million.

Volksbank