Remove Account Takeovers Remove Acquirers Remove MFA
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What Is Account Takeover Fraud (ATO)? Detection & Prevention

Seon

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. What Is Account Takeover Fraud?

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What is Third-Party Fraud?

Fi911

Cybercriminals acquire personal information from one or multiple cardholders. They subsequently gain control over existing accounts, or establish new ones without the victim’s awareness. Multi-Factor Authentication (MFA) Implementing MFA for customer authentication can significantly enhance security.

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5 Common Types of Fraud that Threaten Neobanks

Seon

As neobanks evolve, the one downside of their innovation is that it opens up many new methods of attack for fraudsters, such as identity theft, fraud rings, and account takeover attacks. Account takeover (ATO) fraud: Brute force or stolen information is used to access an existing, legitimate bank account.