On January 23, 2025, Memcyco launched a next-generation AI-based digital impersonation protection solution designed to combat phishing and online scams.

The company targets key industries such as financial services, retail, and airlines, aiming to bolster brand trust and security in an increasingly digital landscape.

Memcyco's approach not only protects organizations but also focuses on customer safety, addressing a significant gap in current cybersecurity measures.

The new solution allows organizations to detect and disrupt digital impersonation attacks in real time, enhancing protection for their customers.

Memcyco's solution employs AI-driven 'nano defenders' and device DNA technology to monitor, trace, and report on attacks as they occur, allowing for quicker takedowns of phishing sites.

The software scrambles sensitive information entered by users on phishing sites, sending decoy data to attackers instead.

Israel Mazin, co-founder and CEO of Memcyco, emphasized that their proactive solutions empower organizations to defend against attacks before they occur, ensuring compliance with customer protection regulations.

Traditional protection methods are often slow and unable to adapt to the dynamic nature of cyber threats, but Memcyco's AI-based technology enables immediate response to attacks.

Companies can implement red alert pop-ups to warn users visiting impersonated sites, enhancing customer protection.

Digital impersonation attacks have surged in popularity, with reports indicating it was the most common phishing tactic used by cybercriminals in 2024.

Memcyco provides detailed reports on attacks, including victim identities, attacker details, and the scope of the fraud, improving incident reporting and investigations.

The company claims its solution saves organizations significantly by reducing fraud-related expenses and protecting revenue.