Cyberfraud is getting worse. Just last year, it was projected to cost the world around $9.5 trillion, and this number will only grow as time goes on. In the last twelve months alone, 22% of businesses and 14% of charities have experienced cybercrime in some way, with 45% of those businesses being medium-sized, and 58% being SMEs. In short, no one is safe from increasingly sophisticated cyber threats. But thankfully, there are solutions available that can help us mitigate the risks.
What are Cyberfraud Solutions?
Cyberfraud solutions are tools and technologies designed to detect, prevent, and respond to fraudulent activity online. They encompass a range of strategies, from AI-driven bot detection and behavioural analytics to multi-factor authentication and CAPTCHA, but they all work to identify suspicious activity, verify user identity, and block any malicious actors before they can exploit vulnerabilities.
Cyberfraud Challenges
The challenges, of course, warrant such solutions. As we mentioned previously, cyberfraud has been getting worse over the last ten years, with online criminals using advanced AI and automated bots to bypass the traditional security measures we’ve been relying on. For businesses, this means a single weak point can become a gateway for large-scale attacks such as:
- Phishing Attacks
When fraudsters send emails, messages, or fake websites that appear legitimate to trick users into revealing sensitive information.
- ATO
When criminals gain unauthorised access to user accounts, often through stolen credentials.
- Payment Fraud
This includes fraudulent transactions using stolen credit card information, fake invoices, or manipulated payment systems to steal money.
Get exclusive access to all things tech-savvy, and be the first to receive
the latest updates directly in your inbox.
- Malware Attacks
When criminals use malicious software to infiltrate systems and steal data, often leading to substantial financial losses and operational disruption.
- Identity Theft
Cybercriminals steal personal information to open accounts or make purchases in someone else’s name.
The Reason Behind Cyberfraud Solutions
With these attacks in mind, cyberfraud protection has become essential for businesses looking to grow sustainably. According to a recent report, 60% of SMEs go out of business within six months of a cyber attack, and that’s not just down to finances being stolen – it’s down to reputational damage and a loss of customer trust. These solutions combine technology and advanced user verification methods to detect suspicious activity early, turning cybersecurity into a proactive defence strategy, rather than a reactive damage control measure.
Top 7 Cyberfraud Solutions
So what are the top 7 cyberfraud solutions right now? There are many to choose from, but the best are the ones that combine advanced technology with ease of use, helping to both prevent fraud while also maintaining a seamless – and safe – user experience.
- DataDome
Starting with the DataDome cyber fraud platform, this solution uses AI-powered bot detection and real-time traffic analysis to stop automated attacks before they can impact your site. It has unified defence across endpoints and cybersecurity teams, and perhaps most importantly, maximised ROI by reducing false positives. For those looking to detect malicious actors seamlessly – with responses that operate on autopilot across numerous sites, mobile apps, and APIs – this is a strong option that can scale effortlessly while keeping your experiences smooth.
- Clearsale
Another strong option is Clearsale, which offers a hybrid fraud prevention solution combining machine learning and human review. This approach essentially enhances detection accuracy and, again, minimises false positives, making it particularly effective for e-commerce businesses seeking to balance automation with personalised oversight.
- iDenfy
iDenfy has also been growing more popular. Known as an AI-powered identity verification service – assisting businesses in complying with KYC, KYB, and AML regulations – it uses biometric recognition and manual reviews to ensure secure onboarding processes across various industries.
- Sardine
Integrating device intelligence, identity and business verification, risk scoring, and case management into one unified solution, Sardine is a comprehensive AI risk platform trusted by a number of leading banks and online retailers. It might sound complicated, but one of the biggest pros of Sardine is its ability to provide this protection without disrupting the user experience, making it easier for businesses to onboard new customers while keeping frustration at a minimum.
- Vectra AI
Like the above solutions, Vectra AI utilises artificial intelligence to identify attacker methods and provide high-fidelity threat signals, enabling security teams to respond to threats swiftly. Recognised as a leader in the 2025 Gartner Magic Quadrant for Network Detection and Response, it’s a strong choice for those working across numerous networks and SaaS applications.
- Kount
Kount also offers an adaptive prevention platform that automates fraud detection. Using machine learning to identify fraud patterns and anomalies, it evaluates every transaction in real time, scoring risk and automatically flagging suspicious activity. What’s more, businesses can customise rules and reduce chargebacks, making it a versatile solution for any e-commerce, fintech, or online service.
- SEON
Lastly, SEON focuses on fraud prevention through digital footprint analysis. By this, we mean it examines device fingerprints, IP intelligence, and behavioural data to help businesses detect bots and fake accounts quicker than ever. It might not be as well-rounded as our number one cyberfraud solution, but it’s certainly effective for companies looking for a flexible, easy-to-deploy tool that can get the job done.
Conclusion
Cyberfraud is evolving rapidly, and businesses can no longer afford to rely on outdated security measures. The rise of AI-driven attacks, automated bots, and increasingly sophisticated social engineering tactics means that every organisation—whether a startup, SME, or enterprise—needs robust, proactive protection.
FAQs
Why do businesses need cyberfraud solutions?
Businesses need cyberfraud solutions because cybercriminals are increasingly using advanced AI and automated bots to exploit vulnerabilities. Without robust solutions, companies risk financial losses, reputational damage, and even business closure.
Are cyberfraud solutions suitable for small and medium-sized businesses (SMEs)?
Yes. SMEs are often prime targets for attackers due to weaker security infrastructures. Solutions like Clearsale, SEON, or iDenfy are cost-effective and scalable, making them well-suited for smaller businesses.
Which industries benefit most from cyberfraud solutions?
E-commerce, banking, fintech, SaaS, healthcare, and online services are among the most vulnerable and thus benefit the most from fraud prevention systems.
