Account takeover fraud: the definitive guide
Suitable for both industry novices and experienced experts, this guide offers a broad yet comprehensive overview of account takeover (ATO) fraud, a major cybersecurity threat accounting for 33% of global fraud cases.
This form of cybercrime exploits digital identities, leading to severe consequences such as financial losses, identity theft, and reputational damage. Fraudsters have become adept at manoeuvring through security defences, using sophisticated methods to access or fake crucial information like usernames, passwords, and biometric data.
It covers common techniques like phishing and credential stuffing, key access points such as SMS one time passwords (OTPs) and hard tokens, the consequences including financial losses and identity theft, and the factors fuelling this threat like data breaches and weak authentication protocols.
The guide provides an in-depth analysis of ATO fraud, explaining how these attacks occur and how to prevent them.
It covers the pros and cons of security measures such as multi-factor authentication (MFA) and passwordless systems to combat these threats.
Implementing robust security protocols not only enhances protection but also significantly mitigates the risks associated with digital interactions.
Read the definitive guide to explore effective strategies and technologies that can safeguard your organisation from the escalating dangers of account takeovers.
Please contact the FinTech Futures team to gain access to this free guide.
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