Account takeover prevention

The massive influx of consumer data to the internet, and from there, to the dark web, created new opportunities for bad actors to make unauthorized transactions from users’ accounts. Due to its nature, account takeover fraud can be difficult to detect, and an attack can go unnoticed for long periods of time. This can lead to businesses losing money when bad transactions occur, and having negative impacts to their reputation if knowledge of the fraud becomes public.

When it comes to detecting fraud in consumer accounts, it’s important to minimize outreach and false positives and instead present the opportunity for consumers to self-cure before disabling an account, which causes friction and frustration. Business can alleviate the risk of account takeover fraud and confidently engage consumers using holistic, risk-based identity and device authentication, as well as targeted, knowledge-based authentication. End-to-end fraud management solutions can help reduce manual processes and remove the risk of information silos.