Ken Palla’s Post

More from Sift #FibreFriday What consumers say: When asked, consumers identified social media platforms, streaming services, bank accounts, and online shopping as the top sites or apps where they experienced ATO. ATOs are affecting many types of accounts.

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It's #FIBRFriday again, our weekly series where we share insights from our Fraud Industry Benchmarking Resource, FIBR. Today, we're looking at account takeover (ATO) attacks and where they're most prevalent. Our latest Digital Trust Index, powered by FIBR data, revealed that the average ATO attack rate increased by 24% in Q2 2024 compared to the same time last year. This spike follows an alarming 354% year-over-year increase in Q2 2023. When asked, consumers identified social media platforms, streaming services, bank accounts, and online shopping as the top sites or apps where they experienced ATO. 📌 For more insights, check out our Digital Trust Index report for the latest FIBR findings on ATO: https://buff.ly/3B1XgNS 🔗 And remember that FIBR is interactive, explore the tool yourself to compare fraud benchmarks: https://buff.ly/3K7l9ES #FraudPrevention #FraudTrends #Fraud #FraudRates #AccountTakeovers #AccountHacking #DigitalTrust

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