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 breach data and malware-siphoned information in real-time, directly from cybercriminals through the use of Human Intelligence. 

Our collection of Recaptured Data – exposed credentials and PII from third-party breaches, malware-infected devices, and other underground sources – is the largest in the industry and offers the freshest, most relevant, and truly actionable data to protect your organization from hard-to-detect fraud that stems from stolen information.

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Data Types

Trusted by market leaders

With 500+ customers around the world, including half of the Fortune 10, SpyCloud is the leader in operationalizing Cybercrime Analytics to protect businesses.

We’re on a mission to make the internet a safer place by disrupting the criminal underground. Together with our customers, we aim to stop criminals from profiting off stolen data.

US Banks
2/3 Top Credit Card Companies
#1 US Crypto
#1 Global Asset

With SpyCloud's botnet data, we've protected thousands of accounts representing tens of millions of dollars of funds.​

How a Global Fintech Platform Uses SpyCloud to Protects Users Infected with Credential-Stealing Botnets

SpyCloud Helps Financial Services Companies:

Stay Ahead of Attackers

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

SpyCloud uses HUMINT to recapture data stolen via malware infections and data breaches rapidly, 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.

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 140M credential exposures recaptured 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.

Password Security

Prevent New Account Fraud

SpyCloud uses recaptured data to identify new account fraud by flagging anomalies that indicate a user’s information may be fake, stolen, or constructed. SpyCloud Identity Risk Engine delivers a risk score and key risk indicators that can enhance your existing fraud prevention control framework and help you head off fraudulent account creations and applications. By weeding out stolen and synthetic identities early, you can prevent enrollment fraud and protect the quality of your portfolio throughout the lifetime of your accounts.

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.

Fraud Report
Reducing Identity Fraud While Improving the Digital Customer Experience

Our report delves into a new framework for understanding the risk that each individual consumer presents at key points in their journey.

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.