Micro-Deposit Fraud
Arkose Labs protects banks and fintechs from innovative fraud attacks.
Micro-deposit fraud is an attack strategy that is increasingly affecting financial services and fintech companies. Fraudsters take advantage of micro-deposits issued by online banks, fintechs, and payment companies in the process of account verification. Attackers will create fake accounts at scale to steal the mini deposits (under $1 and as low as $0.02).
While each transfer only costs a few cents, micro-deposit fraud adds up over time causing a plethora of downstream problems such as operational costs dealing with these attacks, increased ACH fees and KYC costs, as well as potential reputational damage. If a customer is a victim of a micro-deposit scam, financial services companies may appear untrustworthy and risk damaging customer relationships.
ZeroBot Guarantee
The Arkose Labs solution is so effective at rooting out automated attacks, that it is backed by an SLA guarantee. This provides commercial assurance that it will defeat bots attacks within a set timeframe, protecting your users from phishing scams, malicious messages and other forms of abuse.
Arkose Labs for Micro-Deposit Fraud
Arkose Labs is protecting banks and fintechs by eliminating the persistent fake accounts that fuel this fraud, by detecting and challenging activity coming from bots and organized human fraud operations. Its flexible solution can also add protections within the web or mobile application, for example at the “add an account” point, in order to stop malicious activity within these accounts.
New Account Registration
Arkose Labs is highly effective at preventing bad actors and bots from setting up fake new accounts at scale, which is the root of micro-deposit fraud
Financial Account Management
Arkose Labs provides dynamic protection within websites and apps, through the process of adding and verifying financial account details
Real-Time Decisioning
Arkose Labs provides early protection against downstream micro-deposit losses
Guaranteed Bot Defense
Stop fraudsters from scaling up attacks using innovative anti-automation, backed by a commercial guarantee
Human-Attack Challenges
Specialized detection and challenges for organized human fraud rings that are helping fuel these attacks
Arkose Labs Global Network
Fraud signals are anonymously shared across financial services companies in the network for robust fraud detection.
Other Use Cases
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Learn MorePlatform Demonstration
See how the Arkose Labs Fraud and Abuse Prevention Platform could help your business
