Gain Protection from Account Takeovers
Align fraud prevention with your business’s priorities and risk tolerance
The high cost of account takeover
Account takeover costs organizations an average of $267,300 per hour by RSA estimates, making it one of the costliest fraud threats organizations face today. RSA Adaptive Authentication provides risk-based, multi-factor user authentication for organizations seeking to protect their consumers and reduce their losses from account takeover and other fraud threats.
$5 billion
Estimated amount U.S. businesses lost from account takeovers in 2017
Source: "2019 Identity Fraud Study," Javelin Strategy & Research
$25.6 billion
Estimated losses from fraudulent online transactions expected by 2020
Source: "Online Payment Fraud," Juniper Research
89%
proportion of financial execs who say account takeover is the most common cause of losses in the digital channel
Source: "Digital Channel Fraud Mitigation," Aite Group LLC
Challenges in fighting account takeover
Vulnerabilities abound. As organizations roll out omnichannel business strategies, cybercriminals find new vulnerabilities and potential points of compromise to exploit.
Data breaches have exposed billions of usernames and passwords in recent years, leading to a surge in account takeover.
Attacks continue to grow in sophistication, making it harder to differentiate genuine users from fraudsters while maintaining a positive user experience.
Best practices for preventing account takeover
Align fraud prevention with business and risk management goals to maintain frictionless digital experiences for consumers.
Leverage advanced machine learning, analytical models and risk scoring to analyze a range of risk indicators including user behavior, device type and fraud intelligence.
Improve your anti-fraud team’s efficiency with tools and services known for accuracy, low false-positive rates and for providing deep visibility across digital channels.
Featured Customer
Hong Leong Bank introduces intelligent anti-fraud services from RSA
Edward Lam, head of regulatory compliance, describes the bank’s security challenges, why it chose RSA and the value it’s deriving from RSA fraud prevention solutions.
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