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
Click the button below to access the case study
View now
Case Study
How a Leading Credit Union Stops Sophisticated Fraud Attacks with Behavioral Analytics
Overwhelmed by evolving fraud attacks and a heavy reliance on manual reviews, a leading credit union turned to NeuroID’s behavioral analytics to spot advanced fraudsters and stop attacks in real time.
Key Results:
- Improved top-of-funnel fraud detection, reducing fraud losses, false positives, and unnecessary step-ups
- Decreased manual review workload, freeing up over 40 hours a month for customer service and growth initiatives
- Real-time detection of attacks, providing improved protection and confidence in fraud mitigation capabilities
Infographic
2025 Future of Fraud Forecast
Experian's 2025 Future of Fraud Forecast reveals five emerging fraud threats that could challenge businesses and consumers in 2025.
Key insights:
- This year’s predictions show that fraudsters will continue to double down on the digital landscape and leverage Generative AI (Gen AI) to commit sophisticated crimes at a rapid pace.
- Half of consumers surveyed said they are concerned about conducting activities online.
- 75% of companies cite cybercrime as a top concern.
eBook
Juniper Research Interview: Identity Verification Innovation
Explore Experian's award-winning AI fraud prevention strategies in Juniper Research’s exclusive Mover & Shaker interview with Keir Breitenfeld, SVP, Fraud & Identity. Learn how cutting-edge technologies like behavioral analytics and dynamic datasets combat evolving fraud threats, ensuring seamless security without compromising user experience.
Experian was recognized as the Platinum Winner of Juniper Research’s Future Digital Awards: Identity Verification Innovation.