📢 Account Takeover Fraud: What Solutions Do Sift’s 🇺🇸 Anti-Fraud Experts Propose?

📢 Account Takeover Fraud: What Solutions Do Sift’s 🇺🇸 Anti-Fraud Experts Propose?

Sift has released an update to its AI-driven solution, designed to help prevent up to $4.2 million USD in annual losses per client.

▶️ Sift's tool protects user accounts from login to post-transaction actions.

▶️ The update includes enhanced integration options for more efficient customer identity and access management (CIAM) protocols, such as Ping Identity, PingOne DaVinci, and Okta Auth0, with minimal coding required.

▶️ In addition, Sift has introduced new behavior monitoring features and a VIP Pass for high-transaction industries like iGaming and Fintech.

▶️ Context: Account takeovers (ATO) rose 24% in Q2 2024 compared to the same period in 2023. In total, global fraud losses exceeded $13 billion USD in 2023.

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