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.