Case Study: Leading Money Transfer Service reduces fraud and outages with Shape Security

Global Money Transfer Service Foils Fraudsters, Avoids Outages

The Leading Money Transfer Service Providing Company, a top 3 global money transfer business serving customers in 100+ countries, was hit by waves of credential stuffing attacks that led to account takeovers, fraud, server load tipovers, and password-reset lockouts. Existing CDN-based bot defenses were not enough, and the company needed a more effective way to stop automated attacks across web, mobile, and partner channels.

Shape Security deployed its Enterprise Defense platform, starting in observation mode and then moving to mitigation to block malicious POST traffic before it reached origin servers. Shape also extended protection to the company’s 50+ mobile apps and trusted partners, helping stop credential stuffing and related fraud. The result was $786K saved in the first month, a major reduction in malicious login attempts and account takeovers, and fewer outages and lockouts.