For many financial institutions, traffic from bots (aggregators, scrapers, crawlers) can account for up to 40-60% of their overall website traffic. Financial web scraping accounts to substantial intellectual property/data theft. Financial companies could lose confidential information to aggregators and it can be a subject of information leakage.
Banks, traders, asset managers, and insurers might know how much of their traffic is from bots, but what they may not know is the impact those bots may be having on their business. Financial institutions need a flexible framework to better manage their interaction with different categories of bots and the impact bots have on their business and brand. InfiSecure blocks unauthrorized aggregator bots before they scrape your confidential financial information.
Financial account aggregators scrape information from different bank accounts, investment accounts and credit card accounts. Companies lose confidential customer data to aggregators and also face performance issues when users access the same content simultaneously.
Financial companies lose additional revenue when aggregator websites collect all customer financial data online, group them together, present to the customer on a single application interface to cross sell and upsell financial products.
Small start-up aggregators and other financial aggregator companies cannot provide a comparable level of security and protection to clients as the banks. Aggregated customer data is potentially vulnerable to hackers.
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