LIMINAL WHITE PAPER

Navigating the Account Takeover Threat Landscape

Prevention Strategies for Phishing and Social Engineering

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Report Overview

The banking sector continuously faces evolving threats and technological advancements that jeopardize the security of financial institutions and their customers. Phishing and social engineering represent significant ATO (account takeover) threats, with nearly half of all ATO-related financial losses attributed to these human-centric attacks.

According to our survey, 84% of banks are highly demanding advanced social engineering and scam detection capabilities due to the rise in these threats.

Generative AI now enables fraudsters to launch sophisticated phishing and social engineering attacks at scale, making these threats more pervasive and damaging. 

Access our White Paper (Link account required – don’t worry, sign up is free!) to examine the distinctions between phishing and social engineering, explore the impact of generative AI on ATO threats, and discover effective strategies for preventing phishing and social engineering attacks.

What’s Inside:

  • Strategic measures for banks: strengthening customer authentication, leveraging behavioral signals, and enhancing user education and awareness
  • Understanding the distinctions between phishing and social engineering attacks
  • The rise of generative AI and its impact on the sophistication of ATO attacks
  • Insights from surveys and industry feedback on the prevalence and impact of phishing and social engineering threats

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