Nethone decreases fraud rates for a major bank while remaining compliant with state Personal Data Law

Fraud
Management/mitigation
Cybercrime
Asia Pacific (APAC)
Europe
Nethone
Apr 22, 2022
Case Studies

A bank operating in Europe and Asia was dissatisfied with its current rules based anti-fraud setup. As a major bank providing financial services, it is prone to attacks from cybercriminals on desktop and mobile channels, particularly social engineering fraud. The bank therefore required an effective solution to decrease fraud rates with a response time in no more than 500 milliseconds.

 

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