Case Study: a major global bank combats credential stuffing and account takeover fraud with Memcyco

Proactive, real-time protection against Phishing, Account Takeover (ATO), and Digital Impersonation

The customer, a major global bank, faced significant challenges from phishing and digital impersonation scams that led to account takeover fraud. To address this, they turned to Memcyco and its real-time protection platform to proactively detect and disrupt these threats.

By implementing Memcyco's solution, the bank gained unprecedented visibility into attacks and was able to identify individual victims in real-time, predict account takeover incidents, and disrupt threat actors. The results were substantial, with Memcyco helping the bank achieve an estimated total annual savings of $3.75 million, demonstrating a significant return on investment from cutting fraud-related losses.