Arkose Labs Introduces Australia's First Credential Stuffing Warranty

Cybersecurity CEO says cyber vendors' complacency to provide "best efforts" are not good enough; charges industry to guarantee technology efficacy

San Mateo, Calif and SYDNEY (Dec. 14, 2022) – Arkose Labs™, the global leader in bot management and account security, announced today the first Australian $1 million Credential Stuffing WarrantyTM. This unprecedented warranty offers a commercial guarantee against credential stuffing attacks, covering Australian enterprises up to roughly AUD 1.5 million (USD 1 million) in cyberattack response expenses. The costs covered include legal consultation, forensic services, notification expenses, identity theft and credit monitoring.‍

Arkose Labs Founder and CEO Kevin Gosschalk said, "Enterprise CISOs are under pressure to ensure their cybersecurity solutions improve productivity and produce a material ROI, as well as protect their systems and strengthen the online environment they create for consumers. Security is a 'before-the-fact' investment, meaning you pay upfront in hopes of saving costs in the long run, but there's no guarantee or certainty that the technology will work. With this warranty, CISOs have a guaranteed outcome: either Arkose Labs stops the attack, or we cover the loss.  

"Accountability is in our DNA, which is why we pioneered the $1 Million Credential Stuffing Warranty. For CISOs, the cost of fraud can no longer be considered a cost of doing business, and for cybersecurity vendors, 'best efforts' can no longer be considered good enough. While many cybersecurity vendors boast about their capabilities, few appear confident enough to offer guaranteed performance levels. That needs to change. When it does, society as a whole will benefit from a significant drop in online fraudulent activities because cybersecurity technologies will have even higher levels of efficacy."

Companies looking for robust protection against credential stuffing should consider Arkose Labs' $1 Million Credential Stuffing Warranty, which provides user-centric protection and shifts liability from the business to Arkose Labs. With this warranty, businesses can benefit from significant cost savings by reducing the risk of fraud, eliminating the need for costly investigations, and protecting their bottom line.

Arkose Labs believes that businesses deserve greater protection, commitment, and partnership from their security vendors to thwart attackers' efforts, and that is why it is bringing the credential stuffing warranty to Australia. Gosschalk said, "We stand behind our products and are proud to be true partners in our customers' successes."

Arkose Labs is the first and only cybersecurity vendor in the world to conceptualize and offer the $1 Million Credential Stuffing Warranty. To date, no claims have been made, further demonstrating the efficacy of its technology to satisfy customers and save them money long-term.

The head of identity at a global Fortune 100 company recently shared that working with Arkose Labs led to a 90 percent reduction in fraudulent account sign-ups. He said,  "Now that's 9-0, and that is a huge number in stopping people from getting access to our systems, stopping them from harassing other users, stopping them from receiving or consuming our company's resources. At the same time, we were actually able to reduce the number of users who saw any friction at all. And we saw an 80 percent friction reduction from our prior approach."

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