Financial Fraud Prevention

The automation of digital monetary transfer at warp speed has made Fintech a booming industry for banking, payments, investments and more. At the same time, the speed in which money now moves attracts criminals who are eager to take advantage of security holes inadvertently left open by organizations. These gaps are ripe for criminals to strike, draining funds and personally identifiable information (PII) from your customers using sophisticated – and even unsophisticated – cyberattack methods.

SpyCloud is uniquely positioned to take on these challenges for highly regulated Fintechs and Financial Services firms worldwide which are subject to government oversight and hefty fines as a result of non-compliance. Our services play a critical role in proactively improving the security and safety of their at-risk customers before cyberattacks or fraud events occur.

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Financial Fraud Prevention


Financial services firms are 300 times more likely to be targets of cyberattacks than other companies.1


Account takeover attempts increased 282% in 2020 as financial account losses increased 72%.2 3


The average annual cost of cybercrime per company within the financial sector is 18.5 million USD.4

The SpyCloud Difference

The world’s leading financial services organizations depend on SpyCloud’s ability to access just-breached data directly from cybercriminals through the use of Human Intelligence. Our database of exposed credentials and PII is the largest in the industry and offers the freshest, most relevant, and truly actionable data to protect your customers from account takeover.
  • Proactively protect consumer accounts from fraud by detecting and remediating exposed credentials stemming from breaches and active malware infections
  • Attribute threats to specific individuals or groups of actors and gather evidence for law enforcement
  • Develop risk profiles on partners, vendors, and acquisition targets to protect the organization from inheriting risks through third parties
SpyCloud human intelligence researchers have recovered billions of data breach assets, including stolen passwords and emails that can put enterprises at risk of account takeover
Digital Banking 2019 awarded SpyCloud Best in Show, as well as first prize in the innovation contest, demonstrating our value to financial services and FinTech cybersecurity teams.
How a Global Fintech Platform Uses SpyCloud to Protects Users Infected with Credential-Stealing Botnets
Read the Case Study

SpyCloud Helps Financial Services Companies:

Stay Ahead of Attackers

Among the billions of consumer credentials currently for sale on the dark web, almost 25% of the leaked credentials are related to banking and other financial services. 

SpyCloud uses HUMINT to get access to data early in the breach timeline, enabling you to stay ahead of both targeted and automated ATO attempts.

Timeline of a data breach showing what cybercriminals do with stolen credentials, starting with targeted account takeover attacks of high-value victim. Ultimately, stolen logins will end up on the deep and dark web and used in high-volume credential stuffing attacks.
Financial Fraud Solutions

Protect Consumers from Fraud Losses

By accessing the largest repository of breach data collected from third-party breaches and active malware-infected devices, you can quickly assess and react to the level of risk posed to your customer’s accounts. With a monthly average of 100M credential exposures collected directly from criminals and underground marketplaces, SpyCloud’s data provides real-time insights on the consumers most susceptible to being targeted by criminal attacks to access and drain funds from their accounts.

Reduce Third-Party Risk

With today’s organizations relying on hundreds of third party applications to deliver products and services, each vendor with access to the network presents a multitude of cybersecurity risks. SpyCloud allows you to gain a deeper insight into your third parties’ overall risk profile and potential threats to your internal networks, and is especially helpful in understanding the security risks posed by acquisition targets.

Ensure Compliance

Financial losses and reputation harm from inadequate security practices already loom large for financial institutions. On top of that, failing to address and maintain compliance standards can lead to significant penalties. SpyCloud enables organizations to take a proactive approach to compliance by identifying and remediating security and compliance risks.

Additional Resources

From unique ways to leverage our data to best practices for ensuring your cyberhealth, SpyCloud’s researchers and experts surface trends and analytics to help you identify evolving threats to your business.
Case Study: Fortune 100 Financial Services Company

This Fortune 100 financial services company protects millions of financial services consumers from account takeover fraud with SpyCloud, while also enriching their online fraud investigations with SpyCloud data.

Webinar - SpyCloud for FinTech - Securing Consumer Identity
Webinar: Securing Consumers’ Identity

We explore securing consumer identity against evolving criminal behavior & technology and share how one fintech platform is using breach data to inform their fraud algorithms in 4 innovative ways.

SpyCloud Gartner Cool Vendor
SpyCloud Named 2020 Gartner Cool Vendor for Fraud Detection

See Gartner’s analysis of the IAM & Fraud Detection market and why SpyCloud was named a Cool Vendor.

Protect your high-value consumer accounts from fraud.