Q3 2021 Digital Trust & Safety Index
Sep 30, 2021
Our latest Digital Trust & Safety Index report examines the recent meteoric rise of account takeover fraud, and how automation is giving fraudsters a dangerous upper hand against online businesses.
Read this new report to explore:
- How a global fraud ring launched an international, automated ATO blitz attack against e-commerce merchants, with thousands of attempted logins per second
- Changing account takeover fraud rates across different industries, with alarming trends emerging in fintech
Battling the new breed of account takeover fraud
Fraudsters are determined to overwhelm merchant security measures for profit, and are leveraging increasingly sophisticated tools—like automation—to execute large-scale account takeover attacks at a cyclone pace. New data from Sift’s global network reveals that ATO fraud exploded by 307% between 2019-2021.