The Harsh Reality of Account Takeover Fraud

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.