Transmit Security ranked as a leader in ATO prevention

Liminal’s 2024 “Account Takeover Prevention in Banking” report highlights the crucial role vendors play in the defense against account takeover (ATO) threats like credential stuffing, phishing, social engineering and malware.

With fraudsters catalyzing a 66.8% surge in social engineering attacks on identities, a multifaceted approach to identity security is now critical. Organizations must strengthen their defenses with threat-aware authentication and behavioral biometrics, all orchestrated within an identity-security framework. 

Based on Liminal’s in-depth analysis, Transmit Security was recognized as a clear leader in ATO prevention because of their holistic capability to thwart identity-security related attacks such as ATO.

Liminal’s report highlights the most effective strategies and technologies in combating digital identity fraud and cyberattacks. Readers can leverage this free report to assist with business cases, research and planning for ATO prevention and other identity-threat mitigation strategies. 

Inside Liminal’s ATO report:

• A breakdown of how phishing, malware and stolen credentials fuel costly ATO attacks in banking.
• Insights into the rising sophistication of ATO, with social engineering increasing fraud losses to $6,000-13,000. per incident.
• Analysis of why only 44% of banks use mobile device signals despite growing threats to mobile and web channels.
• Examination of how GDPR and Big Tech data restrictions hinder fraud detection efforts.
• A forecast of the ATO prevention market’s growth to $1.5 billion by 2028 and the challenges smaller banks face in adopting costly security.
• Why Transmit Security’s strategy, market presence and visionary platform, Mosaic, positions them as a leader in ATO prevention.