Candescent Launches Memcyco for Enhanced Fraud Protection

• •Candescent's Memcyco offers preemptive fraud protection for financial institutions.
• •The solution detects account takeover and phishing attacks before login screens.
• •Memcyco enhances existing fraud prevention measures with real-time visibility.

Candescent has introduced Memcyco through its Marketplace, providing preemptive fraud protection for banks and credit unions. Memcyco aims to detect and disrupt account takeover (ATO), phishing, and digital impersonation attacks before they compromise user credentials or funds. The solution allows financial institutions to identify exposed users and suspicious devices, enhancing fraud prevention upstream. Memcyco's features include monitoring for fake sites, detecting credential stuffing, and providing incident dashboards. This launch is part of Candescent's effort to create a comprehensive ecosystem for identity and fraud security. The service is now available to eligible clients, with agentless deployment designed for minimal disruption.