Why ThreatMark
Solutions
Solutions
- Scams & Social Engineering
  Intercept deceptive schemes and protect customers from scams.
- Phishing Detection & Mitigation
  Mitigate financial fraud with an proactive defense against phishing attacks.
  - Credential Theft
- Account Takeover
  Prevent unauthorized access and safeguard customer accounts.
- Money Mules
  Identify money mule accounts before fraudster can cover their tracks.
- New Account Fraud
  Detect new account fraud with advanced behavioral biometrics.
- Transaction Risk Analysis
  Balance security and UX with the application of stringent security measures.
- Department
  ThreatMark supports the unspoken heroes in the fight against fraud.
ThreatMark Platform
ThreatMark Platform
- Behavioral Intelligence Platform
  Bolster fraud prevention with constant monitoring of the now.
- ScamFlag
  GenAI scam detection built into your banking app.
- Smart Insights
  Gain expert insight for accurate detections and fewer false positives.
- Cyber Fraud Fusion Center
  Cyber Fraud Fusion Center stands at the forefront of fighting cyber threats.
Modern fraud demands a modern solution.

In this world of constantly increasing fraud threats, we’ve reimagined protection. Combining transaction risk analysis, threat detection, and user behavior profiling capabilities in one integrated platform.
Resources
Resources
- Resources
- Insights
Bringing trust to the digital world

The landscape of cyber threats is constantly evolving; stay ahead of the curve with ThreatMark.
Company
Company
Built to disrupt the fraud infrastructure.

Fraudsters don’t stand still, so neither do we.

Talk to a fraud fighter

Home Resources Erste Group Case Study

How ThreatMark’s AI-Powered Authentication Enhances Security & User Experience for Slovenská sporiteľňa

Slovenská sporiteľňa, part of Erste Group, with over 1 million clients, decided to use ThreatMark’s AI-powered risk-based authentication to upgrade its business flow & enhance security. As a direct result, the bank now saves at least €1 million every year while providing enhanced user experience for its clients. It is fully protected against various types of cyber threats & fully compliant with Payment Services Directive (PSD2) RTS requirements.

DOWNLOAD PDF

Overview

Slovenská sporiteľňa knew that the majority of users access their internet banking platform for legitimate reasons, and yet, they are bothered by one-time-password SMS’s at every login. Many SMSs are sent in vain, and bank’s end-users are unjustifiably disrupted during their experience. On top of that, sending SMS’s is costly and it’s not secured, as the messages can be intercepted.

After consulting ThreatMark, the Slovenská sporiteľňa has decided to deploy ThreatMark’s Anti-Fraud Suite (AFS) for all their online channels. After a quick deployment, ThreatMark utilized data about devices, user behavior (behavioral biometrics), transactions, and other contextual data across digital channels. The collected data is then processed in real-time using state-of-the-art machine learning algorithms and as a result a Risk Score is generated. If the Risk Score is low, the authentication element is not activated; when high, the authentication method (SMS) is escalated & sent.

With ThreatMark’s adaptive user identification most users experience frictionless authentication & seamless transaction authorization. ThreatMark’s system invokes strong authentication for high-risk logins and transactions only, meeting the necessary PSD2 requirements.

As a result, less than 10% of logins would require manual multi-factor authentication, which reduces friction dramatically. High-risk logins or transactions are directly denied.

Per Ján Adamovský, the Bank’s CISO, the ThreatMark’s AI-Powered seamless authentication did not only help with the PSD2 compliance but also saved €1 million, otherwise spent on SMS’s (in comparison with previous years).

Previously, the bank’s end-users usually spent 10 seconds on the login page on average. With ThreatMark’s AFS, this time has been reduced by more than 50%. Moreover, having the contextual info about each session and transaction ThreatMark identified 100% cyber threats during the test.

ThreatMark showed a 70% better detection rate than the competition, preventing various types of cyber threats. The Bank’s Fraud Analysts also noticed a 90% drop in false positives as a result of an in-depth overview of every session recorded in the AFS.

Our case study shows that Slovenská sporiteľňa, with 1M end-users, saves €1 million yearly & provides seamless user experience by implementing ThreatMark’s AFS Solution

MAIN BENEFITS PROOFED BY SLOVENSKÁ SPORITEĽŇA

The bank Saves € 1 million yearly by reduction of SMS OTPs

Detection capabilities of the bank were improved by 70%

Time spent on the login page dropped by 50% for end-users

Number of False-Positives dropped by 90%

ThreatMark’s digital identity verification and fraud prevention solution is trusted by leading European banks protecting tens of millions of end-users and thousands of transactions every day.