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:
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Achieved 81% fraud detection rates with only a 0.05% false positive rate
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Halted a prolonged account takeover attack leveraging advanced malware
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Stopped a £1.6M attempted fraudulent transaction
Gain Immediate Behavioral Insights
BioCatch advanced risk models leverage a decade of data to immediately deliver actionable behavioral insights so your teams can determine the appropriate course of action.
Learn how a large LATAM bank:
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Decreased social engineering fraud targeting mobile customers by 67% using advanced behavioral insights
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Reduced alert rate to only 0.03%
Improve Customer Experience
Learn how a large UK bank:
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Demonstrated a 95% reduction in “snail mail” friction during the credential re-enrollment process
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Saved £300K per month from authorized push payment fraud
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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.
Expose Account Takeover Fraud With Behavioral Biometrics
BioCatch exposes a broad range of account takeover threats that bypass traditional fraud prevention and authentication defenses.
Manual Account Takeover
Detect cases of stolen account credentials that are used to gain unauthorized access to user accounts through manual login requests by observing expert user patterns, and lack of data familiarity indicators.
Automated Attacks
Detect behaviors that indicate bots or other automated tools.
Financial Malware
Identify behaviors, such as disruptions in hand-eye coordination and scrolling patterns, that are associated with financial malware.
Remote Access Tools (RAT)
Uncover behavior patterns that indicate the use of Remote Access Tools in a user session. RATs are common in many popular financial malware families and often used in advanced social engineering attacks such as Help Desk scams.