According to a recent report by Juniper Research, annual online payment fraud losses are expected to exceed $362 billion globally between 2023 to 2028. Malicious automated “card-stuffing” or “card-cracking” attacks—when hackers use stolen credit card information to test the validity of stolen card details—is a notorious weapon among fraudsters, who pose an increasingly significant threat to the financial well-being of any business accepting online payments.
Long gone are the days when solving a simple image reCAPTCHA was enough to separate the humans from the bots. Nor should your payment processor be your first line of defense. Not all providers are equipped to stop these types of sophisticated attacks during payment authorization, and many will simply shut down processing across all distribution channels in response to an unmitigated attack. Which is why in 2024, RealTech became the first direct booking web solution to integrate with Google’s latest security technology solution: Google reCAPTCHA Enterprise.
As the first direct booking provider to adopt reCAPTCHA Enterprise, RealTech is leveraging Google’s cutting-edge bot-detection systems and introducing additional layers of fraud prevention into the RealTech security ecosystem. By utilizing Google’s uniquely broad insight into global online payment fraud, we actively assess and mitigate this type of malicious behavior before it reaches your payment processor. And with Google’s integrated Cloud observability features, our support staff are notified within minutes anytime the number of risky payment attempts on your website warrants further, human investigation.
We know that payment security isn’t the most eye-catching of new features, but it’s a topic we take very seriously at RealTech. Because we know how financially crucial it is to you and your business, security will always remain one of our true north star beacons.