The survey shows that ATO attacks have a huge negative impact on customers and merchants, damaging brand reputation and hurting merchants’ bottom lines. Despite that, many merchants lack security measures, and 35% of merchants report that at least 10% of their accounts have been taken over in the last 12 months. 65% of customers say they would likely stop buying from a merchant if their account was compromised, while 54% of customers say they would delete their account, 39% would go to a competitor, and 30% say they would tell their friends to stop shopping with the merchant.
Merchants face some challenges in preventing ATOs:
Additional key findings from Riskified’s survey show:
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