Case Study: Nedbank achieves stronger mobile authentication and fraud reduction with Entersekt

Nedbank reduces phishing fraud by over 99% with Entersekt

Nedbank, one of the largest banks in South Africa, wanted to expand its digital banking services while significantly reducing the risks from phishing and other digital fraud. The bank partnered with Entersekt to replace its OTP-based authentication with a more secure and user-friendly system.

Entersekt implemented its mobile-PKI-based strong customer authentication solution. This collaboration resulted in a dramatic reduction in fraud, with successful phishing attacks dropping by over 99% overnight. The solution also enabled Nedbank to expand its mobile services and launch innovative payment features, protecting 23 million transactions valued at over R15 billion with almost zero fraud in the first 11 months.

Nedbank