When Fraud Rings Attack: Online Lender
How ID Crowd Alert™️ locked out an aggressive fraud ring of 2K+ cybercriminals
This online lender was expanding their product line to include demand deposit accounts (DDAs). As part of that roll-out, they were still assessing the levels of fraud and appropriate prevention strategy. They knew a high level of fraud attempts was expected, so they were diligently formalizing their automatic step-up standards. Meanwhile, a sophisticated fraud ring was testing their systems—and noted that vulnerability.