Case Study: a leading cryptocurrency exchange achieves a 99% decrease in account takeover attacks with Payfone

Leading Cryptocurrency Exchange - Customer Case Study

A leading cryptocurrency exchange wanted to protect against account takeover attacks after discovering hackers could bypass SMS one-time passcodes. They also sought to improve the customer experience by eliminating these passcodes for logins on both their mobile app and PC. They partnered with Payfone to address this challenge.

Payfone implemented its Trust Platform, Mobile, and Web solutions to replace SMS one-time passcodes with frictionless login technology. This resulted in an improved customer experience and a 99% decrease in account takeover attacks for the exchange.