Mahalo Banking launched a brand new resolution to fight credential stuffing.
The brand new providing, Credential Assurance Know-how (CAT), augments the sign-in course of to make credential stuffing inconceivable.
Mahalo Banking received Better of Present in its Finovate debut final month at FinovateFall.
Mahalo Banking, a Credit score Union Service Group (CUSO) that took residence Better of Present honors in its Finovate debut final month, has launched a brand new software to struggle credential stuffing. Mahalo’s Credential Assurance Know-how (CAT) augments the normal account sign-in course of, disrupting bot functioning and rendering credential stuffing inconceivable. Importantly, the expertise doesn’t require the usage of friction-creating strategies resembling CAPTCHAs.
“With CAT, credit score unions can confidently safeguard member accounts and assist stop the assaults that come at a excessive value,” Mahalo COO Denny Howell mentioned. He referred to CAT on account of Mahalo’s “unwavering dedication to producing improvements that handle the all-too-common obstacles confronted by credit score unions to redefine the digital banking expertise.”
In a research by the Identification Outlined Safety Alliance, 84% of respondents mentioned their organizations had skilled a knowledge breach, which regularly results in compromised credentials. Cybercriminals can direct automated bots to make use of this information to hack login credentials – resembling these of credit score union members.
“In case your credit score union has not been focused but, it’s only a matter of time,” Mahalo President and CEO Jim Stickley mentioned. He famous that it was vital that new safety measures be as inobtrusive as they’re efficient. “It was vital to make use of to create an answer that might resolve this problem with out including new boundaries or disruption for credit score union members,” Stickley mentioned. “What now we have created has merely modified the sport. When our CAT resolution is enabled, credential stuffing merely doesn’t work.”
Based in 2018, Mahalo made its Finovate debut final month at FinovateFall, incomes Better of Present honors from our attendees. On the convention, Mahalo’s Howell and Chief Know-how Officer Dan Domek demonstrated how the CUSO had built-in complete neurodiverse performance instantly into its platform. This allows the platform to higher serve members that will have distinctive wants on account of autism, dyslexia, epilepsy, color-blindness, or different situations.
In August, the Troy, Michigan-based fintech introduced an growth of its partnership with fellow Finovate alum Larky. That very same month, Mahalo partnered with Windfall Federal Credit score Union to boost each on-line and cell banking experiences for the credit score union’s 16,000+ members.
Picture by Toni Cuenca
