Cybersecurity for Card Transactions
Description: Preventing enumeration attacks on card transactions to safeguard customer data and financial assets.
Business Context: Large financial institutions struggle to protect their systems from enumeration attacks on card account numbers during authentication and authorization. These attacks probing systems to identify valid card numbers and authentication data, leading to potential cyberattacks like fraud, identity theft, and unauthorized access to sensitive information. Successful attacks can result in financial losses, reputational damage, regulatory penalties, and legal liabilities.
Key Result: Increase the detection rate of enumeration attacks by 50%, improving from a detection rate of 60% to 90% within the next quarter.