Solutions overview
Account take over (ATO)
Digital Impersonation
Credit card data theft
SEO poisoning
Credential stuffing
For security teams
For fraud/risk teams
For digital business teams
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The MemcycoFM Show: Episode 12
The MemcycoFM Show
Most high-impact bank account takeover fraud incidents share the same DNA: phishing or credential reuse, rapid monetization, and exploitation of detection gaps. Real-time, browser-level and mobile-layer protections are essential to closing these gaps before damage occurs.
Patterns and Lessons Learned
Across recent incidents, several account takeover (ATO) trends stand out. Phishing remains the leading entry point in banking, while credential stuffing is becoming increasingly automated.
Identified Gaps
Mobile-layer attacks, such as FluBot, exploit users’ trust in legitimate apps. Most critically, real-time fraud execution such as Zelle scams leaves no opportunity for post-event remediation.
ATO Prevention Is now About ATO Preemption
Major banking ATO incidents have shown that post-event forensics, however thorough, cannot restore compromised trust or lost funds.
How Memcyco Could Have Helped:
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Detect: Browser-level credential stuffing detection, including failed and successful attempts.
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Protect: Automated attacker lockout upon detection of replayed credentials.
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Disrupt: Forensic insights to feed into the bank’s risk engine for ongoing prevention.
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Reveal: Identification of reused credential patterns tied to specific breach datasets.
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Pre-empt: Persistent device fingerprinting to prevent repeat attacks.
