Malware infections and Remote Access Trojan (RAT) attacks are on the rise, enabling cyber criminals to take over accounts from afar and automate fraud. Despite traditional fraud detection measures and cybersecurity safeguards, malware and RAT attacks remain prevalent. Undetected malware attacks can result in direct losses to account holders and have a long-term detrimental effect on business and customer confidence.
One of the major retailers in Latin America experienced a surge in online fraud and review costs. BioCatch was able to detect new user fraud in real-time, lower the review rates considerably, and provide immediate ROI.