Remove Account Takeovers Remove Accounts Remove Data Breach
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Account takeover is costly, but it can be contained

Payments Source

Account takeover's harder to quantify than payment fraud because it has so many elements and downstream impacts, writes Kevin Lee, trust and safety architect at Sift Science.

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Fortnite, Minecraft Accounts Big Business On Black Market

PYMNTS

Tens of thousands of stolen Fortnite accounts are being sold on the black market in a $1 billion a year trade, according to Bloomberg. It found that criminals are using automated tools to mass-check for Fortnite accounts from hordes of stolen identities from recent data breaches. Regular ones go for $200 to $250.

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What Is Account Takeover Fraud?

FICO

Account takeover fraud (ATO) occurs when an unauthorized person takes control of an account. The fraudster takes steps to actively control the account, for example by applying for a new card or changing the account contact information or password. Source: Cifas Fraudscape 2021. ATO – Old School and High-Tech.

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What Is Account Takeover Fraud (ATO)? Detection & Prevention

Seon

Having trouble protecting your user accounts? In this guide, we’ll see why accounts are targeted, how fraudsters acquire them, and, of course, which steps you should take to secure them. This is your complete guide to understanding and detecting account takeover (ATO) fraud in your business.

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The Rising Fever of Account Takeover Fraud

PYMNTS

If fraud attacks are the flu, then the Equifax data breach was a raging fever: a symptom (albeit a dramatic one) of a larger illness that will almost inevitably infect any organization that hasn’t had its shots. Can fraudsters still take over her accounts? “Of She also changes her passwords regularly.

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TRENDING: The Long-Term Consequences Of Account Takeovers

PYMNTS

A new report from cybersecurity firm Kaspersky Lab found more than four out of five Americans and nearly three out of every four Canadians report being stressed out about the recent pattern of data breaches. billion breaches for its customers’ personal data.

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Billions Lost to Fraud Despite Efforts, APAC Fintechs Grapple with Rising Threats

Fintech News

The Evolving Fraud Landscape APAC has seen a significant uptick in corporate data breaches, profoundly impacting fintech companies. As per IBM Security’s report, APAC bore the highest average cost of a data breach globally, averaging US$3.24 million in 2021.

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