In the era of digital-first businesses, fintech companies are competing with a fast-paced, high-growth environment while also facing cybersecurity challenges that affect user experience, account security, and more.

Attackers aim to monetize their attacks which makes fintech companies an attractive target for large returns.

Fintech has completely changed how financial services are offered around the world. With money storage, financial transactions and more now being held on digital platforms, fintechs have become an attractive target in the cybercrime space.

However, with the digital shift of financial services, customers expect the utmost security now more than ever when it comes to protecting their financial wealth.

Strengthened security systems often come at a higher cost and impact to users. In order to maintain a positive reputation among competitors, preventing attacks will strengthen customer relationships and avoid embarrassing headlines.

Today’s ever-shifting fraud landscape is challenging fintech companies with the balancing act of protecting user accounts, reactively mitigating attacks, and competing with the rest of the fast-paced industry.

As long as there is profit to be made, fraudsters will continue to attack. Arkose Labs bankrupts the business of fraud by sabotaging attackers’ ROI and making it uneconomical to attack you. This is a fundamental shift from fraud prevention to fraud deterrence.

Download your copy now to learn more about:

• What ways cybercriminals are monetizing attacks against your business
• How today’s attackers are able to pass as good users and slip under your company’s radar
• How other financial services companies are combating against new types and the resurfacing of attacks

Source: https://www.fintechfutures.com/2022/01/solution-brief-arkose-labs-for-fintech/