The partnership between ClearScore and Netacea follows the finding from Clearscore that over half (58%) of UK fraud victims have lost financial data, while those who fell victim to online fraud typically lost between £101 and £500, and 8% lost more than £1,001.
Using Netacea’s Intent Analytics engine, Clearscore will be able to accurately distinguish genuine users from bots, which will help to protect users from against credential stuffing attacks and account takeovers.
The use of these capabilities, which advances Clearscore’s online security from firewalls and rate limiting to a faster machine learning-based solution, will help to detect malicious bots that have been deployed to steal account credentials.
In the last four weeks, Netacea has reduced traffic to login pages by 14% by mitigating bot traffic, meaning that the internal ClearScore security team has more free time to tackle other concerns.
Previously, the credit score and credit marketplace found that keeping ahead of this fraud was proving increasingly difficult using standard techniques, with more sophisticated bots being able to avoid rate limiting measures by keeping below thresholds.
In addition, the security team at ClearScore were required to carry out late night manual blocking of suspicious traffic to minimise threats.
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“At ClearScore, we deal with highly sensitive credit report data every minute of every day,” said Klaus Thorup, chief technology officer at ClearScore. “In the wrong hands, this data has the potential to have a negative impact on our users’ personal finances, so we go to great lengths to ensure their data is safe with us.
“Though our security systems are extremely robust, it’s critical that we protect against user credentials that have been stolen from elsewhere on the Internet being used for account takeover. As a fast-growing business, it’s critical that we maintain our users’ trust to continue our growth.
“Solutions such as rate limiting and blacklisting IP addresses are only of limited use and can prevent genuine users from gaining access. Working with Netacea means we can stay one step ahead of criminals even as they change how they operate—and we can focus on giving our users the best possible service.”
Andy Still, chief technology officer at Netacea, commented: “Credential stuffing and account takeover attacks are a worry for any business, but especially for those who are dealing with sensitive information on behalf of their users.
“Working with ClearScore means working with a business that is dedicated to delivering its innovative services in a way that keeps its users safe.”