Fraud Detection Improvement Case Study

This case study details the implementation of the Cequence Unified API Protection (UAP) solution at one of the largest investment firms in the world, which manages over $7 trillion in assets and serves more than 30 million retail investors. The firm faced significant challenges in detecting account takeover (ATO) attacks, with their existing security tool taking up to three hours to identify fraudulent transactions, leading to increased customer attrition and damage to their brand image. The Cequence solution was introduced to enhance fraud detection capabilities, allowing the firm to reduce detection time from three hours to just 30 seconds. This transition not only minimized the manual analysis workload but also enabled the security team to adopt a proactive security approach. The case study outlines the goals of faster fraud detection, reduced manual analysis, and improved analyst productivity, ultimately demonstrating the effectiveness of Cequence in achieving these objectives.