Online fraud is a serious threat to businesses, costing more than $3.5 billion annually in direct losses. Today’s cybercrime ecosystem makes it easy to carry out this theft. Using modern phishing and crimeware kits, even novice cybercriminals can attack businesses and their customers, steal credentials, hijack accounts and steal funds.
Businesses commonly implement internal fraud detection controls to attempt to stop this theft. While these measures are useful, cybercriminals are constantly developing new methods that get around common fraud controls.
PhishLabs takes a different approach to combatting online fraud. We reduce the risk of losses due to online fraud by fighting back against the cybercriminals that target you and your customers. We detect, analyze and proactively dismantle the ecosystem of illicit services and tools the attackers depend on to carry out online fraud. Our approach not only stops the immediate attack, it forces cybercriminals to rebuild their attack apparatus – preventing future attacks and deterring cybercriminals seeking to profit at the expense of you and your customers.
Learn more about PhishLabs services that fight back against online fraud: