Case Study: a large Canadian financial institution prevents a costly breach with Flare

Major Canadian Bank Prevents a Potentially Costly Breach

A large Canadian financial institution faced a significant challenge when a malicious actor began advertising a method to bypass its multi-factor authentication system, threatening the security of its online banking platform. The institution relied on Flare and its digital footprint monitoring service to stay ahead of this evolving threat and protect its customers’ assets.

Flare provided the solution by continuously scanning for digital threats and alerting the financial institution in real time. This enabled the bank to quickly identify and fix the initial exploit. When the actor published a new method days later, Flare once again provided an immediate alert, allowing for a second successful remediation. As a result of Flare's service, the malicious ad was removed and the security vulnerability was confirmed to be fixed, preventing a potentially costly breach.