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.
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.
Fake Account Creation
Stop cyberattackers from creating fake accounts used to commit fraud and abuse.
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Bonus Abuse
Ensure your promotional offers and incentives go to legitimate customers, not bad actors.
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SMS Toll Fraud
Defend against international revenue share fraud (IRSF) and other forms of SMS fraud.
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Account Takeover
Prevent unauthorized access to customer accounts to safeguard against fraud.
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Loyalty Point Theft
Preserve the integrity of rewards and maintain a secure environment for your customers.
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Web Scraping & Content Theft
Identify and stop automated website scraping attempts with unprecedented certainty.
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GPT Prompt Compromise
Get pioneering protection and proactive defense for your GPT applications.
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Man-in-the-Middle
Safeguard your consumers from credential theft and intercepted MFA codes.
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Fake Listings & Reviews
Protect your brand reputation and promote honest feedback from real customers.
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