Account Takeover Fraud In Numbers
Total losses attributed to account takeover fraud in 2019 in the U.S.
Total losses attributed to authorized push payment fraud in 2019 in the UK.
Number of user accounts targeted on average in a credential stuffing attack
Global average loss per incident of business wire transfer fraud
5 Things Fueling Account Takeover
Several modes of operation are used by cybercriminals to successfully commit account takeover fraud, including automated credential stuffing, malware, and remote access tool attacks. Gain insight into what is fueling the growth in account takeover attacks, what traditional fraud prevention tools are missing, and new strategies and approaches to fight back.
BioCatch Delivers Account Takeover Protection to Help Your Organization:
Reduce Fraud. Increase Trust.
Learn how a Top 5 UK bank:
Achieved 81% fraud detection rates with only a 0.05% false positive rate
Halted a prolonged account takeover attack leveraging advanced malware
Stopped a £1.6M attempted fraudulent transaction
Gain Immediate Behavioral Insights
Improve Customer Experience
Learn how a large UK bank:
Demonstrated a 95% reduction in “snail mail” friction during the credential re-enrollment process
Saved £300K per month from authorized push payment fraud
Realized £4 in fraud savings for every £1 invested in behavioral biometrics
How to build trust and safety into your digital channels
BioCatch risk models leverage innovative research and a decade of data to analyze a user’s physical and cognitive digital behavior and continuously monitor web and mobile sessions to distinguish between genuine users and criminals, whether human or automated attacks such as bots, malware, or Remote Access Tools (RAT).
By profiling user behaviors such as mouse movements, typing cadence, swipe patterns or device orientation, the BioCatch platform identifies statistically observed norms for “good” and “bad” behavior. Powered by machine learning, the platform authenticates users against their historical profiles and generates a risk score so you can determine the appropriate course of action.