Case Study: a top North American bank slashes credential stuffing risk with Memcyco’s real-time fraud protection

One of North America’s Top Ten Banks slashes ATO risk with Memcyco and stops dozens of credential stuffing attacks daily

The customer, one of North America's top ten banks, faced persistent credential stuffing attacks on its website. The bank lacked any real-time means of detecting these automated fraud attempts or identifying which of its customers were impacted. To combat this, the bank deployed Memcyco’s Customer ATO and Fraud Protection solution.

Memcyco’s solution provided real-time alerts of active attacks, enabling the bank to respond quickly. It also allowed the security team to identify and notify affected customers, thereby slashing account takeover fraud risk virtually overnight. Memcyco’s implementation transformed the bank's ability to effortlessly and continually combat credential stuffing fraud.