Tools for Preventing Account Takeover and New Account Fraud
With billions of users interacting online every day, identity threats have become the new battleground in the high-stakes world of internet fraud. In response to increasingly sophisticated and brazen attacks, identity solution providers like Ping are integrating threat protection tools to block account takeover (ATO) and new account fraud (NAF).
From e-commerce sites to online banking, ATO and NAF by cybercriminals are very real threats to individuals and businesses alike. According to Forbes, ATO and NAF scams allow bad actors “to cash in without needing to steal a credit card before using it; they just take over a customer account ... It’s the digital equivalent of a gold mine.”
With criminals employing aggressive tactics like password spraying and credential stuffing, it's more important than ever to strengthen your security posture with threat protection. Ping Identity has identified 5 key elements of threat protection that are used to stop ATO and NAF:
Following these foundational principles, threat detection technology such as PingOne Protect helps businesses create safe and seamless user experiences across their digital properties.