Security News > 2020 > October > F5 SAFE: Protecting businesses and consumers while reducing workloads for fraud teams

F5 introduced Shape AI Fraud Engine, a new SaaS solution that eliminates fraudulent online transactions that get past existing fraud tools.

SAFE typically identifies twice as much fraud per month when compared to other current fraud tools.

One large North American bank detected 250% more account takeover fraud in 60 days with SAFE than with their existing tools, resulting in the elimination of an additional $10M in fraud losses per year.

Increases effectiveness of fraud teams: SAFE actively blocks fraud without the need for fraud teams to write or maintain rules, and is delivered as a fully managed service, with ongoing tuning done by Shape fraud experts.

By stopping fraud at the application perimeter, SAFE reduces the amount of time and resources fraud teams have to expend on manual investigations.

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