Is your verification provider really worth what you’re paying? Let’s be real — credential stuffing attacks like the one hitting super funds this week don’t happen just because people reuse passwords 🤦♂️
They happen because many platforms STILL don’t have the basics in place:
• No Multi-Factor Authentication (MFA)
• No real-time alerts for high-risk transactions
• No anti-phishing codes in outbound comms
We tested a few funds ourselves (with consent) — MFA still disabled in 2025 😡Legacy systems or not, that’s not good enough.
Here’s the punchline:
You can spend millions on identity verification at onboarding — but what’s the point if you leave the back door wide open?
We’re a verification company — we know fraud happens. But we also know how to stop it cold. That’s why we’re about to release a bank account verification tool to catch the fallout when things go sideways.
Because when the worst happens, your customers need a failsafe — not finger-pointing.
It’s time to ask: Are you buying real security… or just the illusion of it?
Recent averages below to help make the business case.
#CyberSecurity #IdentityVerification #MFA #CredentialStuffing #FraudPrevention #AML #CustomerProtection