Understanding Account Takeover Fraud

Account takeover attacks are not random; they follow a lifecycle that begins with credential harvesting and ends with monetization. When criminals gain access to an account, they can withdraw funds, make unauthorized purchases, and sell or change account details. By understanding each stage, you can better recognize red flags and act more decisively.

Educate yourself and your staff with new easy-to-navigate modules in the FedPayments Improvement Community:

• Review the account takeover fraud basics and understand what it is and why it is important to mitigate it.
• Deepen your understanding on how account takeover fraud happens and its lifecycle.
• Watch an introductory video about account takeover fraud.
• Further your fraud defense with our other toolkits about check fraud mitigation, scams mitigation and synthetic identity fraud mitigation.

Also, be sure to check out ePayResources' new fraud landing page to quickly access all the fraud-fighting resources from your payments association!