Benelux Bank: Enhancing Security and Reducing Risk with IBM Fraud Detection Solutions

A Benelux bank, providing banking, savings, investment, and pension products and services, was facing a significant challenge due to the increase in malware-based attacks in its region. The bank was particularly concerned about man-in-the-browser and man-in-the-middle attacks against its customers. While the bank had not experienced a fraud loss from these attacks, the executives were worried about the potential damage these attacks could cause to the bank and its customers. The bank had previously invested heavily in perimeter security, such as intrusion prevention systems, to prevent criminals from accessing the bank's network. However, as fraudsters began targeting bank customers through malware attacks, the bank executives realized the need to expand their security capabilities to the endpoint. The bank was only able to learn about a fraud attempt when a customer reported an issue with their account balance. Therefore, they sought an additional layer of security to gain an early warning of malware-driven attacks.

The customer in this case study is a Benelux bank that provides a range of financial services including banking, savings, investment, and pension products. The bank manages billions of Euros in client deposits. The bank has a high level of online banking awareness and use, making it a prime target for fraudsters. The bank had previously invested heavily in perimeter security to prevent unauthorized access to its network. However, with the rise in malware attacks targeting bank customers, the bank recognized the need to enhance its security measures to protect its customers and reduce its risk.