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, while also protecting organizations from account opening and application fraud.
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.
- Detect new account fraud with greater accuracy by accounting for the data available to criminals, including stolen PII, credentials, and even browser fingerprints
- 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
Assets
Total
Passwords
Email
Addresses
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.
Leading
US Banks
2/3 Top Credit Card Companies
#1 US Crypto
Exchange
#1 Global Asset
Manager
With SpyCloud's botnet data, we've protected thousands of accounts representing tens of millions of dollars of funds.
- Global Fintech
FINTECH
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.
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.
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

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.

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 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.