Strategies for Evading Account Usurpation Scams: Real-life Scenarios
Protecting Your Business Against Account Takeovers with Sumsub's Fraud Prevention Solution
In today's digital age, account takeovers (ATO) have become a significant threat to businesses worldwide. Sumsub, a leading provider of identity verification and fraud prevention solutions, offers a comprehensive approach to combat this issue.
With Sumsub, businesses can set up an account and install ready-to-use rules from their extensive rules library. This makes it easy to get started and adapt to the ever-evolving landscape of fraud.
One of the key features of Sumsub's Fraud Prevention solution is the full-cycle verification and monitoring platform. This platform secures the entire user journey by integrating several cutting-edge features tailored for ATO and fraud prevention.
Behavioral intelligence plays a crucial role in this system. By analyzing users' behavioral patterns such as typing speed or navigation habits, the platform can detect anomalies indicating fraudulent activity.
Device intelligence is another important aspect. It monitors device fingerprints and usage patterns to flag suspicious logins or multiple account attempts from the same or unusual devices.
Sumsub's solution also includes fraud network detection. This feature identifies links between users to detect synthetic fraud, multi-accounting, or coordinated attacks.
For added security, Sumsub's platform employs deepfake detection. This ensures that biometric identity verifications are genuine and not manipulated digitally, which is crucial to prevent identity fraud tactics used in account takeovers.
The platform also offers seamless remote ID verification using mobile apps and SDKs. This allows for fast, document-less verification, enabling legitimate users smooth onboarding while blocking fraudsters.
Returning users can benefit from reusable digital identities (Sumsub ID). This feature enables returning users to skip repeated verifications securely, reducing friction for genuine customers but maintaining strong defenses against fraud.
In addition to these features, Sumsub's Fraud Prevention solution supports other effective measures for account takeover prevention. These include granular transactional risk analysis, real-time monitoring and adaptive fraud prevention, and multi-factor authentication (MFA) integrations.
Sumsub has been recognised as an industry leader in fraud prevention by KuppingerCole (2025) for its comprehensive approach addressing account takeovers, payment fraud, and synthetic identity fraud through sophisticated fraud intelligence technologies.
In 2023, account takeover has increased by 155% year over year and is among the top five identity fraud types. With over 2,365 cyberattacks and 343 million victims, it's clear that businesses need to take action to protect themselves.
Sumsub's solution offers a multi-layered approach combining advanced technologies and continuous monitoring to effectively prevent account takeovers. By implementing Sumsub's Fraud Prevention solution, businesses can secure their user journeys and protect their customers from the dangers of account takeovers.
- To safeguard businesses from the growing threats of account takeovers, Sumsub's Fraud Prevention solution emphasizes the integration of both technology and cybersecurity, with features like device intelligence, behavioral intelligence, and deepfake detection.
- The comprehensive approach of Sumsub's Fraud Prevention solution extends to the domain of finance, as they offer a full-cycle verification and monitoring platform that secures the entire user journey, including seamless remote ID verification, fraud network detection, and reusable digital identities (Sumsub ID).
