The Total Economic Impact™ of Group-IB Fraud Protection
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The Total Economic Impact™ of Group-IB Fraud Protection

Cost savings and business benefits enabled by Group-IB Fraud Protection (ex. Fraud Hunting Platform)

Bolstering detection and prevention

Before using the Fraud Protection 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 Protection 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 Protection in its web portal

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

Financial Summary

ROI

130%

Benefits PV

$1.13M

NPV

$639K

Payback

<6 months