Account takeover (ATO) fraud is big business for criminals, and it’s on the rise. One study found that ATO attacks on ecommerce retailers selling physical goods increased by 378% during the second quarter of 2020, compared to the same period in 2019. What’s driving this increase? In many cases, it’s personal data that’s all too easy to find online, and it doesn’t even need to be sensitive information like passwords in order to fuel ATO attacks. Recent news about Facebook and LinkedIn user data underscores just how much material fraudsters have at their fingertips and how they can use even…
Author: Ralph Kooi
Ralph Kooi
Ralph Kooi is the Country Manager Australia at ClearSale, a full-service cloud based platform that automates Fraud Prevention, allowing businesses to increase sales while reducing risk. ClearSale is the only company that never automatically declines an order before a manual review process, which allows us to achieve industry-high approval rates while eliminating false declines and brings in additional revenue for our customers. Ralph Kooi has previously worked for several International SaaS businesses while based in Australia.
