LexisNexis® ThreatMetrix® Helps Qudos Bank Identify Hard-to-Detect Scams and Remote Access Attacks, Preventing ~$350,000 of High-Risk & Fraudulent
LexisNexis® ThreatMetrix® Helps Qudos Bank Identify Hard-to-Detect Scams and Remote Access Attacks, Preventing ~$350,000 of High-Risk & Fraudulent
6 PagesCASE STUDY CUSTOMER Qudos Bank REQUIREMENTS • Protect customers and their accounts by detecting the full spectrum of scams. • Reduce fraud losses. • Improve operational efficiencies. BOTTOM LINE • Enhanced fraud detection and risk-based decisioning, detecting approximately $350,000 of high-risk and fraudulent money transfers related to scams. • Recognized more customers as trusted, reducing manual reviews. • Maintained low average reject rate, increasing efficiency of fraud operations. • Developed a proactive fraud strategy, working with ThreatMetrix professional services to respond quickly to new and emerging attack patterns and trends. AT A GLANCE SOLUTION With LexisNexis® ThreatMetrix®, Qudos Bank is able to reliably detect high-risk and fraudulent transactions across logins, pay
