In 2020, a major bank faced a significant cyber threat that posed a direct risk to its corporate clients and their financial security. This threat was sophisticated, targeting vulnerabilities in the bank’s systems, and it quickly became clear that the existing fraud prevention measures were not enough to combat the evolving risks. It was at this critical juncture that the integration of Cleafy’s advanced cybersecurity and fraud management capabilities played a pivotal role in turning the tide.

By leveraging Cleafy’s Fraud Extended Detection and Response (FxDR) platform, the bank was able to detect and prevent the attack before any major damage was done. This strategic enhancement not only safeguarded millions of euros but also ensured that customer trust was maintained—something that can be easily lost in the wake of a major fraud incident. With Cleafy’s proactive and dynamic solutions, the bank surpassed its previous fraud protections, setting a new standard for resilience in the face of evolving cyber threats.

Key insights from the bank’s success story:

  • Proactive threat detection: Cleafy’s platform provided real-time, proactive detection of fraudulent activity, enabling the bank to identify and stop the threat targeting its corporate clients before any significant financial loss occurred.
  • Advanced fraud prevention across channels: The integration of Cleafy’s solutions not only detected fraud but also provided multilayered protection against future threats, strengthening the bank’s defences across all digital banking channels.
  • Preserved sustomer trust: The bank’s ability to prevent the attack and secure millions of euros reinforced its reputation and customer trust, proving the value of investing in cutting-edge fraud detection technologies.

Learn more about how Cleafy’s innovative fraud management solutions helped this bank fight back against online fraud and emerge stronger than ever. Download the full success story to explore how Cleafy can help your institution proactively defend against the evolving landscape of cyber threats.