Combating Costly Account Takeover: the Fastest Growing Threat in Fraud

Presented by

Carlos Asuncion, Director, Solutions Engineering, F5

About this talk

Account takeover attacks (ATO) are in many ways the driver of the wider fraud ecosystem. Compromised accounts are leveraged in downstream fraud with more sophisticated and costly attacks. The economic impact of fraud goes beyond just the immediate costs of remediating the attack. There are many ancillary costs of failing to stop these attacks as well, such as impacting customer loyalty, negative brand association, negative news headlines and more. In this session, we'll examine how effective fraud prevention prevents immediate and downstream costs. With the proliferation of apps that have adopted anti-bot technologies such as Shape Enterprise Defense, attackers are finding it difficult to identify soft targets. Instead of expending resources in an attempt to circumvent anti-automation technologies, fraudsters are pivoting and attacking unprotected email servers that become the steppingstone to the ultimate goal: your customer accounts. This, in turn, has resulted in a change in the credential marketplace landscape. Shape Security has been protecting our customers from automated attacks for years and has observed that fraudsters are left with no option but to revert to manual (i.e., human-driven) fraud methods. For this reason, we've developed machine learning models that protect our customers applications.

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F5 Cybersecurity Protect Your Applications
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At F5, our mission is based on the fact that businesses depend on apps. Our long-standing belief that applications are the most valuable assets of any organization in the digital age has been the foundation of our strategy to become the leader in multi-cloud application services. When you combine F5 and NGINX's expertise powering over half of the world's applications across all types of environments, with Shape's insight from mitigating 1 billion application attacks per day, you have a company that knows how to deliver and secure more applications, and more value, than any company in the industry. This means that we are able to deliver and protect applications—revenue generating, brand-anchoring applications—from the point at which they are created through to the point where consumers interact with them. In other words, from "code to customer." This makes the combined forces of F5, NGINX, and Shape absolutely essential to every digital organization in the world, including the world's largest enterprises, service providers, financial and educational institutions, government entities, and consumer brands. Visit F5 at: https://www.f5.com/company