A self service online Artificial Intelligence (AI) & Machine Learning (ML) traffic management platform that increases ROI, protects customer Personally Identifiable Information (PII) and helps meet PCI compliance by mitigating malicious bots and human fraud before they can infiltrate your ecosystem.
The banking and financial services sector has been primary target for hackers for years. The rich customer data is extremely valuable on blackmarkets. Banks and financial institutions present widespread opportunities for malicious bot deployment due to the vast pool of customer PII, payment and financial. Legacy systems need to adapt to work with new applications, creating vast pool of potential vulnerabilities and requires malicious bot management investments to be made in robust, easily implemented and resource efficient solutions like Pristine Traffic’s banking bot and fraud mitigation.
Residing at the edge of network, our banking bot and fraud mitigation AI engine reads your weblogs and performs multi-factor authentication on each site visitor and bot, comparing them to our database and categorizing which bots are visiting your site and why.
Your verified access list (your "pristine traffic") determines which bots and human traffic sources can visit your site and by auto-generating blocking rules our banking bot and fraud mitigation platform is able to stop the bad bots before they reach your website.
Our banking bot and fraud mitigation Machine Learning engine provides you with the real-time insight you need to ensure that the only traffic coming to your site is "pristine traffic".
Filtering Your Unwanted and Malicious Bot Traffic So That Only “Pristine Traffic” Remains
Very simply, we provide you with a banking bot and fraud mitigation dedicated subscription service that only allows the bot visitors you want onto your web site, so you can deal with the others. Once you have locked down your website to prevent these unauthorized bot visitors, they won’t be able to report any vulnerabilities back to the cybercriminals. While our service can’t protect you from every single attack, it is a cost-effective and vital first layer of protection. Just like the car thief – they will move onto an easier target.
our self service platform offers…
Pristine Traffic's banking bot and fraud mitigation is a month-to-month service and may be cancelled at any time prior to the next month's billing.
Automated, banking bot and fraud mitigation protection for customer websites and APIs from potential malicious bot threats 24/7
All visitor traffic is run through our machine learning, multi-factor authentication engine. This ensures that unauthorized bots are blocked and potentially malicious bots identified at the network edge, before they reach a website. What remains is a site's "Pristine Traffic".
Allows companies to ensure they have comprehensive policies in place across all internet visitors - both human and bot
Customised banking bot and fraud mitigation ML models to feed into visitor analytics across the enterprise
Pristine Traffic works seamlessly with Content Distribution Networks (CDNs) and Firewalls, such as Amazon AWS CloudFront and Cloudflare without an install.
Pristine's banking bot and fraud mitigation integration is at the edge of the network, with your existing WAF, DDos and other security layers.
Saves on CPU and hosting / bandwidth requirements due to blocking unwanted Bot traffic.
Supports real-time automated bot detection and banking bot and fraud mitigation with full Access and Identity Management for Bots to clean up legacy access control lists
Our Out-of-Line platform (edge of Network)banking bot and fraud mitigation causes no network slowdowns, and doesn’t add another layer of risk, or require major infrastructure changes e.g. DNS
Ensures you never block a good bot again
Content and Financial Data Scraping
Web scraper bots are deployed to automate the process of reading a site’s content and gathering its financial data. This activity is both beneficial and harmful to banks and financial institutions.
The Benefits.
Banks and financial institutions benefit from scraper bots initiated by search engines, financial data aggregation sites, financial news sites and financial publications which employ these bots to automatically obtain and summarize content, provide financial data, charts, projections and technology updates to their site visitors and customers. This results in SEO rankings, site traffic, branding exposure and revenue opportunities.
The Threats.
Competitors also utilize web crawler bots to obtain comparison data. This makes it easy for rivals to steal customers by offering more attractive alternatives, undercutting special offers and garnering auxiliary sales that they would not otherwise make.
Hackers, on the other hand, deploy sophisticated scraping bots to lure customers to sites and applications for the purpose of stealing their Personally Identifiable Information (PII) or payment information.
How Malicious Bot Attacks Work
Hackers will deploy generalized bots, which perform a scan of a website and online infrastructure looking for vulnerabilities they can penetrate. On the surface, these “crawler bots” appear harmless, behaving in a similar manner Googlebots. They simply crawl a site, page by page reviewing its content. This first stage, reconnaissance work, enables cybercriminals to automate their penetration testing in bulk. The resulting vulnerabilities are categorized and targeted through custom bots designed to penetrate the specific vulnerabilities.
Attackers use generalized bots to crawl websites in bulk. They simply load domain names into their crawl scripts. These scripts automatically identify and catalog site vulnerabilities. The bots move on from sites they cannot readily penetrate, those without easily identifiable vulnerabilities. This allows hackers to focus their attention on the easier targets.
Cybercriminals don't initially target specific sites. For financial attacks, hackers may have lists of hundreds of thousands or even millions of customer details. They'll target bank login pages and payment gateways in an attempt to gain access to customer accounts and to test which records in their database are valid.
The entire banking and financial industry are under constant threat from malicious activity including…
A form of ID theft, ATO's access a site's accounts by credential stuffing in an attempt to obtain PII data and customer credentials. When successful, its very costly recover from ATO initiated breaches.ATO activity includes:
Password Re-use
using the compromised password from one site on another site
Credential Stuffing
bulk attempts to gain access to user accounts
Malware
that interferes with user sessions
Remote Access
gaining control of a user's device
Induced Payments
users are tricked into initiating a fraudulent payment.
Customer portals provide a communication ecosystem, connecting customer and their Personally Identifiable Information (PII) to the banking network. Inadequate defenses against malicious bot activity can flood the portal with authorization attempts which can overload it, leading to declined access, compromised records, posting inaccurate transactional information, record editing or record deletion.
Smaller Banks & Financial Sites.
Smaller banks and financial institutions are particularly susceptible to data loss as a result of malicious attacks because they rely upon cloud-based, applications, mobile applications and widespread use of API's services.
Compromised Passwords.
Compromised passwords increase the threat of sensitive customer financial data theft. The threat from cybercriminals who are actively looking to exploit financial data is a significant concern.
Bots are used to detect email addresses contained on a site's webpage copy. Next, the bots will attempt to determine the organization's email format by examining the email records. For example: [email protected] If successful, the bots then gather the names of the organization's employees from the about us, contact us and staff pages. From there it's easy to automatically compile a directory of the organization's employees and their emails. These emails are bulk validated through readily available, inexpensive third-party services before the emails sent. This simple, automated process allows cybercriminals to launch successful phishing attacks.
Stolen credentials, linking username and password combinations, from a previous data breach are loaded into a credential stuffing tool and deployed against a specific bank site to see which combinations work. Even with minimal success, the hackers manage to take over a large number of accounts.
Distributed Denial of Service (DDoS) attacks flood sites with a high volumes of traffic. The surge in traffic creates significant loading time delays for players and site visitors. In a worst case scenario, these attacks can crash a site completely. DDoS attacks are used by hackers to disrupt competitor websites and opposing in-game players. When DDoS outages occur, customers lose trust in the reliability of Fintech company and go to competitors who have better DDoS mitigation practices.
When malicious bots are aggressively deployed against a bank site, the site's performance is impacted, as pages take longer to load. The customer experience is compromised, damaging the site's brand reputation and often resulting in lost revenue. A prolonged impact upon site performance can negatively impact the site's SEO rankings.
APIs have become an important part of the banking and financial institution growth as application partners seek ways to streamline legacy systems and move toward cloud-hosting environments. Bad bots are exploiting API endpoints to gain access to sensitive data. Hackers deploy malicious bot attacks to scrape APIs looking for vulnerabilities. API security is often neglected by banks, that relying upon simple authentication or limiting IP access instead.
Payment gateways are the conduit to the merchant account providers, banks, payment networks and third-party partner applications. They're designed to facilitate an accelerated, digital acceptance and movement funds for their customers and end users. Inadequate defenses against malicious bot activity can flood the payment gateway with authorization attempts which can overload the gateway, leading to declined transactions, lost revenue, disputes, cancellations and damage the customer relationship. In extenuating circumstances, the gateway provider, processor or bank can suspend or even terminate the organization's accounts.
Banking and financial institution sites are full of financial and technological information, products, services, incentives, downloadable content, warnings, tips, resources and advice. Bad bots can scrape all of this content for malicious use. Attackers can steal a site's information and sensitive data. Not only are these bad bots stealing proprietary data, the activity sucks up the site's bandwidth. This, in turn, slows down the site's performance, which can cause downtime and additional overhead if not blocked.
Content scraping bots often create fake registrations and form fills. These need often to be purged manually, increasing customer support and administrative costs.
Once Pristine Traffic is active, your dashboard allows you to easily see all the legitimate activity of the bot visitors. After activating your verified watch list, Pristine Traffic begins blocking unwanted traffic and fake bots. Utilizing our Ai and ML engines, our platform ensures bad bot visitors are stopped and pristine traffic, good traffic allowed in.
