Case Study: a large retail and e-commerce company reduces scam losses and protects customers with Memcyco

Large Retail and e-Commerce Company - Customer Case Study

The customer, a large retail and e-commerce company, was a major international supermarket chain struggling with website impersonation attacks in the form of gift card scams. These malicious sites led to significant expenses from customer reimbursements and incident handling. They turned to Memcyco for its Website Impersonation Protection solution to address this challenge.

Memcyco's solution provided real-time detection of fake sites and instantly warned users with Red Alerts when they attempted to access a scam, eliminating 33% of the fraud cases. This intervention saved the company an estimated $5 million per year by drastically reducing revenue losses and cutting down on costly refunds and incident management.