Data breaches occur daily. You see it daily in the news. According to PrivacyRights.org 471 Million records have been breached in 2018 alone; 10Billion records since 2005. And these are just the reported data breaches. As a result, account origination and account takeover attacks are on the rise and becoming more and more sophisticated. It is incredibly difficult to truly know your customer tell the difference between them and a fraudster.
The large amount of breached data has contributed to the automation of attacks which makes it easier for fraudsters to execute large scale coordinated attacks that can results in massive losses. Advancements in machine learning and user behavior analytics can greatly help merchants fight back but understanding how and when to best use these powerful tools can be complicated.
It is imperative to understand what account takeover attacks look like in 2018, the warning signs and best practices to prevent these attacks.
Julie Conroy, research director from Aite Group and Jeff Wixted, vice president of product from Accertify understand the ins and outs of these emerging threats and will:
- Provide attendees an overview of Aite Group’s latest research on ecommerce account takeover attacks.
- Discuss the latest attack techniques – complex phishing attacks are no longer the only threat. There are several new regulations and government procedures that can actually contribute to the sophistication of these new attack vectors.
- Demonstrate best practices for stopping these attacks, showcase what the largest merchants are doing to fight back to protect their customers and their brand.
About Julie Conroy:
As Research Director of Aite Group’s Retail Banking & Payments practice, Julie Conroy covers fraud, data security, and anti-money laundering issues. She has more than a decade of hands-on product management experience working with financial institutions, payments processors, and risk management companies, including a number of years leading the product team at Early Warning Services. Julie is often quoted in numerous media outlets, including The Wall Street Journal, U.S News and World Report, American Banker, and the New York Times. Julie is fluent in Spanish and holds an M.A. in International Policy from the Monterey Institute of International Studies and a B.A. in Business Administration from the Michigan State University Honors College.
About Jeff Wixted:
Jeff Wixted is responsible for leading the company’s product strategy and roadmap, driving efficient integration capabilities and solution optimization practices and enabling our client’s flexibility and cost savings through use of our in-house team of risk experts. Prior to this role, Jeff was the Director of Sales Engineering responsible for leading a global team to present, position, and consultatively sell Accertify’s fraud, chargeback management and payment gateway solutions. Prior to joining Accertify, Jeff primarily focused on building and leading pre-sales and professional services teams in the enterprise ecommerce software space. Jeff received a B.S. in Chemical Engineering from the University of Florida.
About DJ Murphy:
As editor-in-chief of Card Not Present®, D.J. Murphy has day-to-day control of the editorial content on CNP websites and serves as the publication’s main reporter and writer. He brings more than 15 years of media and corporate experience to the company. Prior to Card Not Present®, Murphy served as Associate Editor for Paybefore—a family of primarily electronic publications focused on the prepaid card industry—where he wrote, edited and produced its most-read publication, Paybefore News and created its non-U.S. counterpart Paybefore News International. He also contributed heavily to Paybefore’s other publications: Paybefore Update, Paybefore Magazine and Paybefore Legal.