Global Fintech Boosts Good Traffic 10%, Stops Crypto Fraud
A major global fintech platform enables individuals and institutions to trade over 60 cryptocurrencies while navigating highly regulated financial environments.
THE CHALLENGES
Escalating Multi-Vector Fraud: The exchange was targeted by both sophisticated automated bots and human-driven fraud farms executing fake account creation and account takeover (ATO).
High-Stakes Risks: Beyond colossal financial losses, the platform faced increased risk of regulatory non-compliance and money laundering through the abuse of dormant accounts.
User Experience Disruption: Existing security measures were failing to curb attacks, leading to friction for legitimate traders and overall customer dissatisfaction.
THE ARKOSE TITAN SOLUTION
Holistic Account Security: Implemented Arkose Titan as part of a comprehensive security stack that identifies threats from the edge to the sign-in flow, integrating with existing CDN, CIAM and SIEM solutions.
Dynamic Intelligence: Utilized AI-powered, multi-layered assessments of device, network and behavioral signals to distinguish genuine users from malicious actors in real time.
Frictionless Verification: Employed invisible “Proof of Work” (PoW) background challenges to verify device authenticity without requiring user action, preserving a seamless experience.
Sabotaging Attacker ROI: Deployed adaptive, AI-resistant visual challenges that increased the cost and effort for fraudsters, making attacks economically unviable.
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The platform employed invisible “Proof of Work” (PoW) background challenges to verify device authenticity without requiring user action, preserving a seamless experience.
BUSINESS RESULTS
10% Throughput Increase: Successfully improved access for legitimate traders, resulting in a 10% increase in good customer throughput within weeks of deployment.
Eradicated Malicious Traffic: Thwarted both automated bot campaigns and persistent human-driven fraud farm attacks.
Safeguarded Ecosystem: Significantly reduced the use of stolen or fake data for new account origination and protected genuine users from ATO attempts.
Proactive Defense: Gained actionable cross-industry insights from the Arkose Labs Security Operations Center (SOC) to optimize resources and adapt to evolving crypto-specific threats.
Block bad traffic. Welcome good humans and good agents.
