Q3 2022 Digital Trust Index
Sep 27, 2022
Account takeover (ATO) fraud evolves so rapidly that reacting after the fact is as effective as doing nothing at all. Ongoing economic disruption exposes new weaknesses for fraudsters to exploit, driving ATO rates up across businesses and industries. And ATO fraud can lead to damaging consequences, including stolen funds, shrinking customer lifetime value, inflated acquisition costs, and ultimately, lower profits.
Download our Q3 2022 Digital Trust & Safety Index report to explore:
- Which industries saw the most significant rises in account takeover fraud across the Sift network
- How often users fall victim to ATO and the various ways it costs businesses and weakens consumer trust
- Details of a new iteration of the classic cashout scam, where fraudsters work together to access and drain value from exposed bank accounts
- Why trust and safety teams must adopt an end-to-end, real-time approach to outpace evolving abuse
Account takeover data, trends, and insights
From fundraising scams to crypto cons, content fraud is gaining momentum. Across Sift’s global network, we’ve seen significant increases in blocked content abuse over the past year, signaling rising fraud that undermines community integrity and kills growth across industries.