Financial Fraud Rising: Key Strategies to Combat Sophisticated ATO Attacks
Today, the vast majority of fraud losses are the result of complex organized crime rings. So how can businesses fight back? In a white paper commissioned by F5, Aite Group interviewed risk executives at financial institutions, fintech lenders, and e-commerce companies to learn how they are protecting themselves from the escalating volume of account takeover (ATO) attacks.
Among the takeaways:
Most consumers use the same handful of usernames and passwords across websites, creating a vulnerability exploited by organized crime rings.
The available attack surface continues to expand, making detection and mitigation more complex.
Organizations need a solution that leverages real-time data analytics to keep pace with automated attacks and block malicious activity before it affects the business.
Firms with robust defenses will see attack volume decrease as criminals focus their attacks on easier targets.
Just fill out the form below and we'll email you the report, Financial Fraud Rising: Key Strategies to Combat Sophisticated ATO Attacks.
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