ITSP Magazine: Real-Time Defense Against AI-Driven Account Takeover

Real-Time Defense Against AI-Driven Account Takeover: How Memcyco Protects Organizations and Their Customers

Memcyco recently featured in an ITSP Magazine podcast episode snippet, which this post is based on. You can listen to the full feature here, or below. Our thanks go to the podcasters for having our CEO, Israel Mazin, on with them.

Account takeover attacks are surging, fueled by off-the-shelf phishkits and AI tools that make it faster and cheaper for bad actors to impersonate trusted brands and steal customer credentials. For organizations in financial services, retail, airlines, and hospitality, the stakes have never been higher. Losses from these attacks are projected to exceed $300 billion in the coming years.

Memcyco, founded in 2021 by a team with more than 30 years of experience building successful cybersecurity companies, offers a platform that detects and protects against account takeover in real time. The company addresses a critical gap left by traditional threat intelligence solutions, which tend to be reactive and lack visibility into evolving impersonation-driven account takeover attacks that deceive users and into exactly who those individuals are.

A Platform Built for Real-Time Protection

Memcyco operates a unified platform with four products that work together to identify and block attacks as they occur, whether they originate from traditional phishing techniques or newer AI-driven methods. The platform provides organizations with detailed data about who is being targeted, where attacks originate, and how credentials are being compromised.

One standout capability is credential deception. When attackers harvest credentials from fake sites, Memcyco can feed them false information that renders the stolen data useless. Even if attackers sell these credentials on the dark web, they cannot be used to access real accounts.

Agentless Deployment with Measurable ROI
Unlike solutions that require end users to install software or change their behavior, Memcyco deploys without agents. Organizations can implement the platform in minutes, and customers experience no friction. According to Memcyco, customers see more than 10x return on their investment, making budget approval straightforward even in cost-conscious environments.

The company has achieved nearly 300% year-over-year recurring revenue, serving large financial institutions, airlines, retail brands, logistics companies, and hospitality organizations
across North America, Latin America, Europe, and other regions.

The Bottom Line
As AI continues to lower the barrier for attackers, organizations need defenses that operate at the same speed. Memcyco provides real-time detection, victim identification, and active countermeasures that go beyond reactive threat intelligence. For teams looking to protect both their customers and their brand, Memcyco represents a new approach to an accelerating problem.

Sheena Kretzmer

Digital Marketing Director