Solutions overview
Account take over (ATO)
Digital Impersonation
Credit card data theft
SEO poisoning
Credential stuffing
For security teams
For fraud/risk teams
For digital business teams
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ContacsAccount takeover prevention
Predictive, real-time customer ATO prevention
Know which customer accounts will be targeted by phishing-related scams, reduce customer ATOs by over 50% and slash incident-related OPEX
How most customer ATOs start (and how to make sure they don’t)
PHASE 1
The bait
You know how this goes: Your customers click malicious links via phishing messages, rogue search engine ads and listings.
WHAT IF YOU COULD
Identify customers engaging with phishing sites in real-time
- Know which accounts will be targeted
- Reveal exactly who got scammed
- Gather victim data for risk scoring
PHASE 2
The trap
Customers unknowingly enter phishing sites, suspecting nothing.
What if you could
Stop customers falling for ATO scams, and know in real-time when they do
- Reduce reliance on scanning and takedown that doesn't protect
- Reduce the attack scope and magnitude, and slash costs
- Shield and amplify digital trust
PHASE 3
Credential harvesting
Believing the site is genuine, customers enter their login details, inadvertently providing attackers with their credentials.
What if you could
Disarm fraudsters in real-time, when they target customer credentials
- Scam the scammer: Swap exposed credentials for marked decoy credentials
- Lock them out when they try to use them for ATO
- Expose attack device attributes
PHASE 4
Account takeover
Attackers exploit stolen credentials to access customer accounts, bypassing MFA through phishing-based credential theft.
What if you could
Accurately predict and neutralize ATO threats in real-time
- Detect malicious login attempts before fraud occurs
- Grant legitimate users frictionless access during investigations
- Obtain attacker insights that drive investigation efficiency
PHASE 5
Data Exploitation and Extraction
After gaining access, attackers secure their position, exploiting and siphoning off customer data and assets, often storing credentials for future attacks, or selling them on the dark web.
What if you could
Extend proactive protection against future ATO attempts.
- Secure accounts from residual ATO risk, after scams are neutralized
- Defend customer accounts against credential stuffing attacks
- Lower costs associated with future ATO incident management
Accurately predict and prevent customer ATOs
WITH MEMCYCO
Detect earlier
before phishing messages are sent to customer devices
Protect instantly
the moment customers fall for ATO phishing scams
Defend longer
after the initial ATO attack is over, and credentials stolen
WITHOUT MEMCYCO
Accumulate risk
by only detecting ATOs once they become full-fledged attacks
Expose customers
relying on their ability to detect phishing links and messages
Leave them exposed
to continual, ongoing ATO risk long after fake-site takedown
SOLUTION BRIEF
Discover why global brands replace their previous solution with Memcyco
Predict and prevent ATOs
Reduce ATOs
> 50%
Achieve MTTD of
Zero
Cut expenses by
$Millions
Already crushing ATO scams? Solve more
Account takeover (ATO)
Fake e-shops, purchase scams, gift card scams
GET A CUSTOM DEMO
See it in action and discover why others switch to Memcyco
Get a demo to learn how Memcyco customers:
- Identify individual scam victims in real-time
- Predict and preempt ATO incidents
- Deceive threat actors
Frequently asked questions
What Is an Account Takeover (ATO)?
An Account Takeover (ATO) refers to unauthorized access to a customer’s online account. This form of identity theft allows cybercriminals to conduct unauthorized transactions, withdraw funds, and access sensitive personal and financial information of the customer. It directly impacts customer trust and can lead to significant financial losses.
Why Is Real-time Account Takeover Prevention So Important?
Real-time prevention is vital for protecting customer accounts from unauthorized access. It provides immediate detection and response capabilities that stop fraudsters in their tracks, thereby preventing them from exploiting stolen credentials. This is crucial in maintaining the integrity of customer transactions and safeguarding sensitive information.
Why Are ATO Attacks Still a Massive Threat for Many Businesses?
ATO attacks pose a massive threat due to the increasing reliance of customers on digital services for banking, shopping, and personal data management. These platforms are lucrative targets for attackers looking to exploit weak security measures and gain access to a wealth of personal data.
How Do Account Takeovers Happen?
ATO primarily happens through techniques such as phishing, where customers are deceived into providing login information, or through malware that records keystrokes. Attackers also use credential stuffing, applying stolen credentials to breach multiple accounts, taking advantage of customers who reuse passwords across services.
Who Do Account Takeovers Impact?
ATO impacts customers by compromising their personal and financial information, which can lead to unauthorized purchases, identity theft, and financial loss. The repercussions extend to businesses, resulting in lost customer trust, reputational damage, and potential financial and legal penalties.
How Can Businesses Prevent More ATOs?
Businesses can enhance their defenses against customer ATOs by implementing Multi-Factor Authentication (MFA), using advanced security solutions like real-time threat detection systems, and by conducting regular security awareness training. These measures help in identifying and mitigating threats before they impact customers.
What Measures Can Businesses Take to Protect Customers from ATO?
To protect customers, businesses should enforce robust password requirements, enable MFA, regularly update security systems, and monitor customer accounts for unusual activities. Additionally, educating customers on the importance of secure online practices and how to identify phishing attempts is crucial.
Why Should You Use a Real-Time Account Takeover Protection Solution?
A real-time ATO protection solution is essential because it monitors customer accounts for signs of unauthorized access continuously. This allows businesses to respond instantly to potential threats, safeguarding customer data and preventing financial losses associated with ATO incidents.
What Account Takeover Techniques Do Fraudsters Use?
Fraudsters employ several techniques targeted at customers, including phishing emails that mimic legitimate requests, credential stuffing with previously breached data, and more targeted attacks like SIM swapping to intercept one-time passcodes. Understanding these techniques helps businesses better protect their customers.
How Much Does It Cost to Remediate ATO Incidents?
The cost of remediating ATO incidents primarily involves direct losses incurred through fraudulent transactions and the operational costs of securing compromised accounts. Additionally, indirect costs such as customer support, legal fees, and efforts to rebuild customer trust can be significant.
By focusing on customer-centric aspects of ATO, these responses aim to provide businesses with clear and actionable insights on protecting their clients and maintaining the security and integrity of their services.
