Online fraud is a huge problem for companies and consumers, and it’s growing exponentially. Everything from bank accounts to loyalty programs and gift cards, even health insurance accounts are prime targets for fraudsters armed with databases of stolen credentials. And it’s not stopping there, any account that can be monetized is now on the attacker’s list.
WAFs like F5’s AWAF are going to catch a good deal of fraud, but they can’t stop everything. This especially becomes a problem when attackers resort to “copy paste” farms that use humans to manually enter stolen credentials. To stop that kind of fraud you need artificial intelligence (AI) and machine learning (ML) to detect when a real user is not behaving like the actual account holder. This is where F5’s most recent acquisition of Shape Security comes in – SHAPE Enterprise Defense is the most effective bot mitigation solution on the market today, period.
What is Shape Security?
Shape Security was the fastest growing company in Silicon Valley when F5 announced an agreement to acquire it in late 2019.
Touting big-hitting customers like Starbucks and most of the airlines – Shape protects 3 out of 4 applications on all smartphones. Shape’s technology is 100% focused on fraud prevention and is to fraud what a WAF is to web application exploits. The big differentiator with Shape is that it’s a managed service that utilizes AI and ML around aggregated user telemetry data, backed by a human SOC. Given Shape’s massive user base and insight into how they login to applications, they have a huge advantage over the competition in identifying and filtering real users from thieves.
WorldTech IT has been integrating Shape’s technology from the beginning, and we’re experts at developing WAF security policies to layer with Shape’s managed service. You can now purchase Shape Enterprise Defense from WorldTech IT and we’ll include the professional services to integrate it at no cost. You’ll not only have the best technology, but also the leading experts in the space implementing it.
