Fraud attacks continue to be a persistent problem for financial institutions. Together, Appgate’s Digital Threat Protection and Risk Based Authentication provide a layered protection strategy across the multi-step fraud lifecycle.
Protection Throughout the Fraud Lifecycle
Phase 1: Planning and Targeting
Fraudsters target users through phishing, social media, rogue mobile apps and more. Digital Threat Protection proactively detects and removes these attempts to harvest valuable credentials. Preventing fraud early in the lifecycle minimizes the impact to your customers.
Phase 2: Setup & Launch
How do most attackers harvest information? Users inadvertently click on a link or download something malicious onto their device. You cannot control your consumers’ device, but with Digital Threat Protection and Risk Based Authentication you can obtain device posture visibility to manage device risk prior and take the appropriate course of remediation.
Phase 3: Cashing Out
Once fraudsters have successfully collected credentials, or any sensitive information, they can access a user’s account to steal money. Risk Based Authentication uses behavioral analytics and strong authentication to stop an attack before reaching the final stage of the fraud lifecycle.
The Benefits of Risk-Based Authentication + Digital Threat Protection
- Provide comprehensive fraud protection across the fraud lifecycle.
- Frictionless authentication using threat intelligence.
- Remove threats targeting your consumers.
- Detailed reporting on which customers were victimized.
- Simplified and customizable drag and drop workflows.
- Machine Learning adapts to user behavior and detects unusual activity in real time.
Related Products & Resources
Fraud Protection Resources
Faces of Fraud Report
In conjunction with Information Security Media Group (ISMG), Appgate surveyed 120 financial institution security professionals regarding their organizations' fraud challenges, gaps and future strategies.
Fraud Beat 2021
Fraud is in a state of constant evolution and defensive tactics must evolve along with them. Our Fraud Beat provides insights into the current threat landscape, helping organizations understand which areas are most important when implementing a strong anti-fraud strategy.
Ready to Stop Fraud in its Tracks?
Our team is available to help answer questions, demo solutions and discuss pricing. Just let us know how we can help!