Case Study: North America Top Ten Banks reduces credential stuffing and ATO risk with Memcyco

Anti-Fraud Use Case Analysis Bank Credential Stuffing

The website of one of north america's top ten banks was under persistent credential stuffing attack, lacking any real-time ability to detect the breaches in progress or identify which customers were at risk. These blind spots left the bank powerless to launch a targeted response. The bank deployed Memcyco's Customer ATO and Fraud Protection solution to address these critical challenges.

Memcyco's solution enabled the bank to see attacks-in-progress in real-time, flagging devices engaged in bulk login attempts. This allowed the bank's security team to pivot from recovery to prevention and quickly identify and alert impacted customers. As a result, the bank slashed its ATO fraud risk virtually overnight, significantly enhancing its cybersecurity posture.