Sift reports surge in account takeover attacks

Thursday 30 September 2021 16:30 CET | News

Sift, a US-based fraud prevention company, has reported a spike in account takeover attacks against the fintech sector.


A new report from Sift will reveal a more than 8X YOY spike in account takeover attacks against the fintech sector, driven by a concentration on crypto exchanges and digital wallets where account liquidation or illicit purchases are the endgame.

The report also reveals the results of a consumer survey that shows widespread consumer concern over the security of their online financial services accounts and how many ATO victims were defrauded on financial services sites (versus other industries).

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Keywords: account takeover, Sift, fraud prevention, research, digital identity, digital wallet
Categories: Fraud & Financial Crime
Countries: United States
This article is part of category

Fraud & Financial Crime