New solution helps prevent account takeovers

Quick Summary:

Account takeover attacks have increased 24 percent in the second quarter of 2024 compared to the same period last year, according to AI-powered anti-fraud platform Sift.

To combat the problem Sift’s latest quarterly product update feature an enhanced solution to protect businesses from ATO fraud throughout the entire consumer journey.

Account takeovers accounted for losses of almost $13 billion in 2023.

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Article Details

Author / Journalist: Ian Barker

Category: Technology

Markets: United States

Topics: Account Hijacking Fraud Cybersecurity Article Account takeover

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 12:56:48 (3 days ago)

News Timezone: GMT +8:00

News Source URL: betanews.com

Language: English

Article Length: 341 words

Reading Time: 2 minutes read

Sentences: 16 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © BetaNews

News ID: 23240394

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About BetaNews

Main Topics: Technology

Official Website: betanews.com

Year Established: 1992

Headquarters: United States

News Last Updated: 1 days ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Worldwide

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #58

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