The Harsh Reality of Account Takeover Fraud

Presented by

Vidhan Mittal, Jumio's Leading Identity Verification Consultant

About this talk

Account takeover (ATO) fraud is when a fraudster seizes control of an online account, changes information such as the username, password or other personal information, and then makes unauthorized transactions with that account. ATO is on the rise, and businesses and banks are in the crosshairs. Cybercriminals are targeting a variety of accounts including checking and savings accounts, credit card accounts, online accounts, mobile phone accounts, email accounts and mobile wallets to name a few. But, any account that is protected with a username and password is fair game. In this webinar, you'll learn: * How ATO fraud works * What's fueling the growth of ATO * 5 Ways to Protect and Mitigate Against ATO fraud Bottom Line: Modern enterprises need to reconsider the password as their go-to authentication methodology. We’re living in a Zero Trust World, so we need to start behaving that way and building in the necessary safeguards to more reliably ensure that the user logging in is the actual account owner and not a fraudster impersonating that user with stolen login credentials.

Related topics:

More from this channel

Upcoming talks (1)
On-demand talks (86)
Subscribers (17207)
Jumio helps organizations to know and trust their customers online. From account opening to ongoing monitoring, the Jumio KYX Platform provides advanced risk signals, identity proofing and compliance solutions that help you accurately establish, maintain and reassert trust. Leveraging advanced technology including automation, biometrics, AI/machine learning, liveness detection and no-code orchestration with hundreds of data sources, Jumio helps organizations fight fraud and financial crime, onboard good customers faster and meet regulatory compliance including KYC and AML. Jumio has processed more than 1 billion transactions spanning over 200 countries and territories from real-time web and mobile transactions. Based in Palo Alto, Jumio operates globally with offices in North America, Latin America, Europe, Asia Pacific and the Middle East and has been the recipient of numerous awards for innovation. Jumio is backed by Centana Growth Partners, Great Hill Partners and Millennium Technology Value Partners. For more information, please visit