Account Takeover Fraud is on the Rise: Here's How to Fight Back
In just one year, account takeover fraud has tripled, reaching $5.1 billion in 2017. Unlike a stolen credit card that impacts a single consumer account, account takeover fraud is insidious: once fraudsters gain access to one account, they use it to gain access to multiple accounts. The result is that consumers face out-of-pocket costs in the hundreds of dollars and spend hours upon hours of time to resolve the fraud.
Download this article to learn how financial institutions are protecting consumers against account takeover fraud using "unspoofable" device data elements from phone carriers.