Case Study: major international bank reduces fraud and ATO losses with Memcyco Website Impersonation Protection

a major international bank reduces ATO losses with Memcyco

The customer, a major international bank, was targeted by account takeover (ATO) attacks and credit card fraud. They approached Memcyco to implement its Customer ATO and Fraud Protection solution to gain visibility and stop these scams, which were causing significant revenue loss and customer dissatisfaction.

Memcyco's solution provided real-time detection and response to impersonation attacks, instantly reducing ATO-related incidents. This resulted in sizeable savings on customer refunds and incident handling costs for the bank, alongside a rapid uptick in customer satisfaction scores and a bolstering of their cybersecurity framework.