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We Know Account Takeover When We See It—And We Stop It
An account takeover (ATO) can happen in an instant, without the legitimate account owner even knowing. All it takes is a fraudster taking advantage of poor password practices, weak authentication policies, or credential stuffing attacks—and the next thing you know, they’re stealing personal information, making unauthorized transactions, committing platform fraud, and more.
But Verosint can see it coming and stop it before the damage is done.
The Element of Surprise: A Fraudster’s Secret Weapon
One challenge with account takeover attacks is that it happens without advanced warning. Fraudsters may guess an obvious and/or re-used password, use a phishing attack to divulge credentials, buy stolen credentials on the dark web, or launch a credential stuffing attack.Typically, the user isn’t aware of the problem until their account has been breached and the damage has been done.
The Impact of Account Takeover ATTACKs
Meanwhile, the Fallout Can Be Disastrous
An account takeover can be disruptive and costly, not only for the targeted individual or organization, but also for the many other entities to whom they’re connected. No industry is immune, and the consequences can be severe.
Here are just a few examples of the impact of account takeovers (ATOs):
Financial services: Fraudulent transactions and access to private financial information
e-Commerce/retail: Unauthorized purchases, access to stored payments, misuse of loyalty rewards
Social media: Account-owner impersonation to commit scams and spread malware
Email: access to private communications, which can then be used in phishing attacks or other scams
Healthcare: Exposure of private medical records and other personally identifiable information
Gaming and entertainment: Theft of payment information and in-game assets
Travel and hospitality: Unauthorized booking changes and fraudulent use of rewards programs
Education: Compromise of students’ data, including academic records and personal information
Business or corporate accounts: Access to company systems and communications
Government and public services: Access to citizens’ personal data and official communications
Verosint: Account Takeover Protection
Verosint uses a two-part approach to account takeover prevention.
Verosint evaluates a variety of constantly changing data related to the valid account holder's device, browser and location associated with each access request. Verosint uses this data and AI analytics to then detect risk signals that indicate an account takeover attack, credential stuffing attack, and more.
By integrating with security platforms, Verosint is able to orchestrate additional authentication or identity proofing challenges for suspicious access attempts by requiring additional verification—or when necessary- block a login attempt completely.
Most importantly, while Verosint makes it easy to block or challenge access by high risk users, we make it just as easy to provide frictionless and convenient access to legitimate customers.
