travel communities retail insurance gaming finance gambling play angle-up angle-down shield-2 circuits calc endquote database stopwatch tasks data-analysis connection-chart lock-nodules shield vibrate swipe pin padlock fingerprint bluetooth arrow-right auth-1 auth-2 fraud trust weekly monthly daily location clock-3 calendar ticket vimeo coffee net office travel piggy bicycle home map comment medal timer chat glasses add chevron-right chevron-left rss download email-square clock-2 date date-2 monitor copy-file file folder video cash-square angle-left phone-square id-square edit-square gleam-square check pin like2 target quote-open network-square clock-square flag-square config-square map-marker-square map-marker-2 browser-square conversation global-square plug-square pen-square mail-square mail portfolio-square user-square angle-down-circle users note2 key credit-square credit angle-up-circle gleam user-group id edit phone angle-right close-circle close facebook google-plus linkedin loupe menu twitter youtube user-group-square user-2 check-2 Skip to Content

Account Takeover Fraud 

What Is Account Takeover Fraud?

Account takeover fraud refers to the unauthorized access of another person's account to obtain products or services fraudulently.  In many cases cyber criminals use account takeover fraud to transfer or withdrawn money from the victims accounts.

Cyber criminals use various methods to acquire a victims account information including email phishing scams where they send legitimate looking emails to trick the victim into entering their account information on a fraudulent website or to install malware onto the victims computer in order to steal their account information and takeover their accounts.

Using two factor authentication or multi factor authentication methods help reduce the chances that you will become victim of account takeover fraud.  

How iovation Detects & Prevents Account Takeover Fraud


iovation’s device-based authentication solution delivers exceptionally strong security without adding friction to your users’ experience and helps detect and prevent account takeover fraud.

Your customers’ devices change over time. We understand the difference between normal changes and changes that indicate risk, leveraging that to link customers’ devices to their accounts, providing an invisible layer of defense against account takeover. This works side-by-side with your existing technology by using the device as a seamless second factor of authentication, streamlining the experience for customers while reducing the number of challenges presented to them, all without requiring personally identifiable information. 

While iovation’s fraud prevention service tells you whether or not the device is “good” or “bad” (along with the risk level and other granular details), our customer authentication service tells you whether or not this is your actual account holder which helps prevent account takeover fraud.

There is simply no better solution for balancing positive customer experience with strong security. By delivering a one-factor experience with two-factor security, it greatly reduces the risk of account takeover and gives your customers confidence that their important accounts are being protected.

iovation’s patented device matching technology verifies a user’s identity by matching device fingerprints with a high degree of accuracy, and explicitly pairing known good Device IDs with the user's account. Your customers can choose to indicate which devices they want associated with an account and used at login, or you can register accounts and devices automatically on behalf of your customers.

Other device-based systems simply cannot keep track of the natural drift caused by updates, new apps, or even new fonts. iovation’s fuzzy matching technology takes expected changes into account to minimize unnecessary “negative” responses and create “acceptable risk” boundaries. As a result, you can maintain a high level of authentication accuracy over time and reduce consumer challenges.

Watch the video below to see how iovation multifactor authentication and fraud prevention solutions help prevent account takeover fraud.

Stay Up To Date

Get the latest fraud prevention news and information directly in your mailbox!

Client Testimonials

Types of Fraud

Have Questions? Contact Us Today!

Related Resources

Want More Information About How To Stop Account Takeover Fraud?

Contact Us Today!