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Account takeover data: trends, insights, and real-life scams

organized on 21 November 2022 | 16:00 CET

Join this webinar with Sift and The Paypers to learn how to recognise the new weaknesses that fraudsters exploit in ATO and how to adopt an end-to-end, real-time approach to outpace evolving abuse.

Account takeover (ATO) fraud evolves so rapidly that reacting after the fact is as ineffective as doing nothing at all. Ongoing economic disruption exposes new weaknesses for fraudsters to exploit, driving ATO rates up across businesses and industries. And ATO fraud can lead to damaging consequences, including stolen funds, shrinking customer lifetime value, inflated acquisition costs, and ultimately, lower profits.

 

 

 

 

 

Agenda

  • Which industries saw the most significant rises in account takeover fraud across the Sift network
  • How often users fall victim to ATO and the various ways it costs businesses and weakens consumer trust
  • Details of a new iteration of the classic cashout scam, where fraudsters work together to move illicitly-obtained funds through exposed bank and crypto accounts
  • Why trust and safety teams must adopt an end-to-end, real-time approach to outpace evolving abuse

 

Keywords: account takeover, fraud prevention, trust, scam
Categories: Fraud & Financial Crime
Companies:
Countries: United States
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