Forrester Consulting TEI study

Group-IB Fraud Hunting Platform benefits after migrating from a legacy anti-fraud solution

Bolstering detection and prevention

Before using the Fraud Hunting Platform, the customer tackled fraudulent activities using a legacy anti-fraud solution. However, the legacy system generated a high number of false positives, which masked the genuinely fraudulent transactions. The organization could not detect and prevent fraud attacks in time.

After the investment in Fraud Hunting Platform, the organization blocked more fraud attempts. The number of false positives dropped, enabling the organization to focus on the truly risky transactions and block more fraud attempts. The efficiency of fraud analysts and customer service teams improved, and costs associated with fraud were reduced. Replacing the legacy solution also yielded cost savings in technology spend.

Key customer metrics

  • 10 million online customers
  • Over 6 million monthly
  • Switches from a legacy anti-fraud solution
  • Deploys Fraud Hunting Platform in its web portal

ROI

130%

Benefits PV

$ 1.13M

NPV

$ 639K

Payback

<6 months

“Because we established the customer’s behavior, I can think it’s less risky and focus on the riskier transaction... We collect data from the browser and whatever they can from the user’s computer, and [Group-IB] creates a unique number for that particular device. After some time, I can be confident that the same ID keeps coming with your transaction.”

- Internet security specialist, financial services

Get new report
Ransomware Uncovered 2021/2022

The well-known complete guide to the latest tactics, techniques, and procedures of ransomware operators based on MITRE ATT&CK®

Cookies

We use cookies on the website to make your browser experience more personal, convenient and secure. You may block or manage the use of cookies, however, in some cases they’re essential to make this site work properly. Learn more about cookies in Group-IB Privacy And Cookies Policy.