Case Study
Published February 5, 2025
Banks Fraud Management Identity
A top bank struggled to efficiently stop evolving fraud attacks. Fraudsters incurred unnecessary expenses as they worked downstream in the bank’s onboarding flow, with some even beating the bank’s defense’s entirely. After implementing behavioral analytics, the bank was able to detect attacks 4x faster and stop sophisticated attacks that their other tools couldn’t.
Key Results:
- 4x faster fraud detection resulting in a 30% reduction in digital onboarding costs
- Effective detection of modern attack strategies that bypassed other fraud mitigation tools
- 40% of manually approved fraud cases identified as risky by NeuroID
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Report
Global Insights 2025 Predictions
Key themes and emerging trends shaping financial services in 2025, using research and insight from leading industry analysts. Themes include:
- Fraud evolution driven by AI
- AI will play a transformative role in banking
- Emergence of RegTech
- Convergence of risk management
Tip Sheet
Arm employees with ID protection to fight data breach
Recent statistics reveal a direct connection between employee identity theft and business vulnerabilities. Compromised employee credentials can be a common entry point for fraudsters and putting your organization’s cybersecurity at risk.
- Up to 80% of cyberattacks leverage identity-based attack methods, and many breaches stem from phishing attacks targeting employee login details
- The average cost of a data breach was $4.88 million in 2024, the highest average on record.
- Cyberattacks are becoming more common, striking 4,000 times per day.
eBook
Navigating the Intersection of Credit, Fraud, and Compliance
Credit risk, fraud, and compliance have long operated in silos, but forward-thinking organizations are unlocking new opportunities through convergence.
Read our e-book to learn how aligning these critical functions can help you:
- Reduce overall risk
- Improve operational efficiency
- Stay ahead of the competition