Account Takeover
Financial institutions constantly face a range of fraud threats.
With fraudsters employing advanced tactics like authorized payment fraud, remote access intrusions, and mobile malware, tackling account takeover (ATO) threats requires a proactive strategy. By focusing on behavior financial institutions can gain assurance that account access is being made by the rightful user, protecting the customer’s treasure and FIs reputation.
Preventing account takeover.
Types of Account Takeover threats.
Remote Access Scams
Remote access scams involve fraudsters posing as tech support representatives, convincing victims to grant them remote access to their devices. Exploiting fear of malware or system issues, scammers gain control to steal sensitive information, install malware, or extort money.
Session Hijacking
Session stealing involves unauthorized access to an active user session. Attackers exploit vulnerabilities or use techniques like session hijacking to gain control, allowing them to impersonate the user and access sensitive information or perform malicious actions.
SIM Swap
SIM swap is a fraudulent practice where attackers deceive a mobile carrier into transferring a victim's phone number to a new SIM card. This enables them to intercept calls and messages, bypass security measures, and gain unauthorized access to accounts.
Financial Malware
Financial malware is malicious software designed to target financial institutions and users. It aims to steal sensitive information like login credentials, credit card details, or conduct fraudulent transactions. This type of malware poses a significant threat to online banking and financial security.
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SIM Swap Scams & How to Prevent Them
SIM swap scams are one of the most damaging and high-profile scams in the modern era.
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On Mobile Banking Malware
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