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Account takeover fraud isn’t just a threat – it’s a reality.
Traditional methods like “What’s your mother’s maiden name?” simply aren’t enough anymore. Book a demo and see how reusable credentials can stop fraud in your business.
It's bad, and it's getting worse
Nearly one-third of login attempts at financial institutions are fraudulent, creating unprecedented challenges for financial institutions to protect their customers and reputations.
The fraudsters lineup for
account takeover fraud
The emotional manipulator
The emotional manipulator fraudster uses fake background noises (e.g. a crying baby) during calls to manipulate call center representatives.
The phisher
Phishers send deceptive messages to customers (emails, texts, calls) mimicking legitimate sources.
The social engineer
Social engineers directly manipulate through personal interactions with the customers (e.g. posing as bank employees).
The credential stuffer
The credential stuffer takes stolen usernames and passwords acquired from data breaches and leverages automated bots to input those credentials across multiple sites.
The SIM swapper
SIM swapper fraudsters trick mobile carriers into transferring a victim’s phone number to their SIM card.
The brute force attacker
The brute force attacker uses automated tools to systematically discover passwords on banking sites.
The fraudsters playbook for account takeover fraud
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Emotional manipulationFor example, fraudsters use fake background noises (e.g. a crying baby) during calls to manipulate call center representatives.
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PhishingFraudsters send deceptive messages to customers (emails, texts, calls) mimicking legitimate sources.
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Social engineeringDirect manipulation by fraudsters through personal interactions with the customers (e.g. posing as bank employees).
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Credential stuffingAutomated bots input stolen usernames and passwords from data breaches across multiple sites.
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SIM swappingFraudsters trick mobile carriers into transferring a victim's phone number to their SIM card.
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Brute force attackAutomated tools systematically discover passwords on banking sites.
A new era of identity
Anonyome Labs’ reusable credentials utilize decentralized identity to revolutionize current identity processes. By using cryptographic techniques and secure digital wallets, they create a tamper-proof connection between financial institutions and customers.
Find out how you can defeat account takeover fraud with our eBook
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Contact our sales team or schedule a demo to see how reusable credentials can revolutionize your business.
