About
Account takeover (ATO) fraud evolves so rapidly that reacting after the fact is as ineffective 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.
Agenda
  • 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 move illicitly-obtained funds through exposed bank and crypto accounts
  • Why trust and safety teams must adopt an end-to-end, real-time approach to outpace evolving abuse
Presenters
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Brittany Allen
Trust & Safety Architect at Sift
Brittany Allen is a Trust and Safety Architect at Sift. She has more than a decade of experience combating e-commerce marketplace fraud at companies such as Etsy, Airbnb, 1stdibs, and letgo. Her current role focuses on trust and safety education, developing industry best practices and strategies, and representing the merchant’s voice at Sift.
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Mirela Ciobanu
Lead Editor Banking and Fintech at The Paypers (Moderator)
Mirela Ciobanu is actively involved in drafting industry reports, carrying out interviews, and writing about the digital assets industry, the regtech space, digital identity, fraud prevention, and payment innovation. Mirela is passionate about finding the latest news on crypto, blockchain, DeFi, and fincrime investigations and is an advocate of the need to keep our online data/presence protected.
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