New solution helps prevent account takeovers

Account takeover attacks have increased 24 percent in the second quarter of 2024 compared to the same period last year, according to AI-powered anti-fraud platform Sift. Account takeovers accounted for losses of almost $13 billion in 2023. To combat the problem Sift’s latest quarterly product update feature an enhanced solution to protect businesses from ATO fraud throughout the entire consumer journey. Traditional solutions that seek to stop account theft only at the point of login often fall short, leaving businesses vulnerable to attacks. Sift's solution allows fraud and security departments to collaborate and take ownership of ATO by uniting data… [Continue Reading]