Account Takeover (ATO)

What is Account Takeover (ATO)?

Account takeover (ATO) is an attempt to gain unauthorized account access in a digital environment. In an ATO attack, fraud perpetrators obtain consumer account credentials to access an account so they can drain funds or make fraudulent retail purchases.

To avoid account takeover, fraud prevention and detection solutions can help identify and prevent account takeover attempts. 

Below are a few Socure solutions that can help fight fraud: 

• Address risk: A precise evaluation of physical address risk, ensuring robust digital fraud prevention while maintaining a seamless customer journey. Socure’s  Address RiskScore is a powerful fraud prevention solution that uses physical address intelligence as a risk identifier while also providing a seamless user experience for legitimate, good customers.
• Phone risk: A comprehensive verification of phone ownership as well as fraud risk associated with phone numbers, enabling proactive fraud prevention with enhanced confidence and accuracy. Socure Phone RiskScore moves beyond rules-based approaches by applying adaptive, automated machine learning and continuous feedback data to phone numbers, identifying “bad” phones while also providing a seamless user experience for legitimate, good customers.
• Email risk: An accurate verification of email ownership as well as fraud risk associated with emails, ensuring reliable consumer identification and mitigation of activities with malicious intent. Socure Email RiskScore moves beyond rules-based approaches by applying adaptive, automated machine learning and continuous feedback to email addresses, identifying “bad” emails while also providing a seamless user experience.
• Device intelligence: Acute assessment of device identification information, such as IP address as well as behavioral patterns, such as form population patterns, to identify the riskiness of devices. Socure Sigma Device is a powerful fraud prevention solution that binds the device to an identity from account opening onwards, using device intelligence as a risk identifier while also providing a seamless user experience for legitimate, good customers.
• Decision Module: Simulate, optimize, and automate your customer decisioning to align policy with the process, provide demonstrable controls, and scale growth without compromising compliance.
• Alert List: Access Socure’s consortium database of known harmful and fraudulent identities to weed out bad actors.