Account Takeover (ATO) fraud is surging in the banking sector, with 2024 SAR filings data confirming a 36% increase into ATO fraud. For commercial banking institutions, the stakes are higher than ever: ATO attacks not only threaten financial losses but also erode client trust and brand reputation.
In this session, we’ll cut through the noise-examining whether ATO is just a trending alarm or a genuine crisis, using the latest data and real-world use cases. You’ll learn:
Here's what you'll learn:
How ATO attacks unfold in commercial banking, from credential theft to unauthorized wire transfers.
Why traditional perimeter defenses are no longer enough-and how fraudsters operate once inside your systems.
The unique vulnerabilities of commercial banks, including user authentication, vendor onboarding, and the challenges of low transaction volume but high-value payments.
A multi-layered defense strategy: actionable steps to detect and disrupt ATO at every stage, from early warning signs to post-intrusion containment.
Eric Choltus has been with Bottomline for the last 6 years, leading global product management for a suite of payment fraud monitoring solutions. With almost 25 years of product management experience in Banking and Fintech, Eric previously led...
Ronald leverages his extensive experience in payments & fraud to inform the structure and content of the site. Outside of About Fraud, Ronald consults regularly with merchants, payment service providers and fraud solution vendors. Before About...
Jeff Taylor joined Regions in 2014 and serves in a leadership role within the Regions Corporate
Bank. Taylor guides strategies designed to help protect the security of Commercial and
Corporate Banking accounts. He is consistently focused on...