My joy knows no bounds today as I share that we have won the Silver Stevie Award at the American Business Awards 2022. We have been recognized in the ‘Most Innovative Tech Company of the Year’ award category for our path-breaking work in spoiling fraudsters where it hurts - their wallets. This is our third award in less than a month, having won recognitions from Forrester Wave and Aite-Novarica Group, recently.
Now in their 20th year, the Stevie Awards are the world’s premier business awards. They honor the achievements and positive contributions of organizations and working professionals worldwide. For Arkose Labs to win this coveted award is a huge honor. It is an appreciation of our efforts to help digital businesses bankrupt the business model of fraud to ensure their consumers’ account security long-term.
Recognition of our innovative approach to fraud prevention
Today, when fraud and online abuse are at a record high, businesses need an innovative approach that allows them to balance future-proof account security with enhanced user experience. Arkose Labs enables digital businesses to strike this fine balance with a consumer-centric approach. Our award-winning platform affords every incoming user a chance to prove their authenticity.
Based on real-time risk assessment of every user, the platform presents adaptive, step-up enforcement challenges. Good consumers don’t usually encounter these challenges and those that do, find it fun to solve them. Bots and automated scripts fail instantly. We train our challenges against the most advanced machine vision technologies such that even the most intelligent bots can’t clear them.
For persistent, malicious humans, the challenges keep increasing in volume and complexity. The aim is to waste attackers’ resources. To clear the challenges at scale, an attacker would need additional time, effort, and resources, which erodes the profitability of the attack. In the absence of any returns, the attack becomes financially non-viable and the attacker moves on the next target that does not have Arkose Labs protection.
Our ability to use targeted friction to erode profits, deters attackers from attacking in future. Genuine consumers on the other hand can continue with their digital interactions without experiencing unnecessary friction. This defense-in-depth approach is helping global businesses fight evolving attack tactics with confidence. The Stevie Awards have recognized our innovative approach to fraud prevention that hits the attackers where it hurts the most – their wallets.
Continuous innovation for future-proof protection
We are helping businesses face the growing challenge of industrialized fraud attacks with a robust set of bot detection technologies and unique capabilities in terms of our proprietary enforcement challenges. We are continuously pushing the envelope to deliver world-class protection to our customers. For instance, our challenges are accessible to a wide range of consumers with varied levels of abilities. We introduced the industry-first $1M credential stuffing warranty and have recently introduced Arkose Detect, a transparent detection solution.
All of these innovations would not have been possible without the hard work of our incredible teams and the solid support of our customers, partners and investors. A big thank you for your continued trust and support.
To read more about our recognition as the ‘Most Innovative Tech Company of the Year’ award, please click here.