The Industrialization of Fraud: Fighting Fire With Fire

Report

Published February 2021

Aite

Online fraud has become big business for bad actors, because sophisticated tools, mule networks, and breached data are readily available to support large-scale automated attacks. In this report, Aite Group examined the strategies used by organized cybercrime rings and outlined a set of best practices that financial services and e-commerce firms can use to change the economics of fraud by encouraging fraudsters to move on to more profitable targets.

Read the report to learn:

  • How automated attacks evolve into fraud in attempts to bypass defenses by emulating human behavior and using human click farms
  • Why it's essential to disrupt attacker economics to deter online fraud
  • How layered, adaptable application security can help defeat automated cybercrime attacks and human-driven fraud that target applications and APIs
  • Why protection must extend across the entire customer journey from login and account creation to transaction