Fintech accounts are now a prime target for cyberattacks, as they have the potential to yield significant monetary gain. By using sophisticated tools and methods, fraudsters can gain access to valuable customer data and monetize it, making the cost of such attacks potentially devastating. Investing in effective fraud prevention can help mitigate the risk of a breach, leading to considerable cost savings in the long run.
By understanding the threat patterns and motivations behind account takeovers, fintechs can achieve long-term deterrence against attacks and potentially save thousands of dollars in costs associated with fraud.
Download 8 Trends Fueling ATO Attacks on Fintechs to learn:
- How bad actors target and monetize attacks against fintechs
- Nine types of fraud that threaten trust in users’ account security
- How increasingly unclear fraud signals allow attackers to access accounts undetected
