is there a better way A Boku white paper Account takeover in which customer credentials are stolen or faked by criminals to gain access to customer accounts is becoming digitallyenabled busines ID: 849221
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1 Preventing Account Takeover: is there a
Preventing Account Takeover: is there a better way? A Boku white paper Account takeover, in which customer credentials are stolen or faked by criminals to gain access to customer accounts, is becoming digitally-enabled businesses everywhere. lodging and healthcare, account takeover is one of the fastest-growing forms of commercial current efforts to combat account takeover, including One-Time Passcodes (OTP) via SMS takeover fraud. 2 Account Takeover: An Escalating Issue \r \f \r \n \t\b\b \r \b \r\r \r \r \r \b € ‚ \r \r €ƒ \r ‚ \r \n „…† \r ‡ „† \r ˆ‰ \r \n\r \b ‚ \n \r Š \r \r \r \n\r ‚ \r ‹ \r \r\r \r \b ‰ \b \n \r\r \r \r \n ‰ \n Œ \r ‹ ‰ \r ‚\r \r \r\r \b Ž \n \r\r \r \r \r \r \r ‰ \r \r \r \r ‡ \r ˆ \b \r \r \f \r‰ \r \r ˆ \r\r \r \r \b Digital Living: An Opportunity for Fraud ‘ \r ’ \r“ \r \r \r \r \b ” \r \r \r \r \r \r \n‚ \r \r \r\r \r \r \b ” \r ‰
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; • \r 3 Preventing Account Takeover: is there a better way? \r \r \r \r ‰ \r …• •„‚\b – \r ‰ ”— ˜ \r ‚ \r ˆ Œ ‰ \t\bˆ ‰ \r \r \r ‰ \r \t…\b„ \r\r\b Ž ‰ \r \r\b ‘ \n \r \r \r \r \r \r \r‰ \r \n \r \r \b — ‰ \r \r \r \r \r\r \r \r \r\r \r \r \r \r ‰ \r\r \r \r \r\r \r \r\r \r \r \r\b ™ \r \r \r \r \r \r \r\r\r \r\b — \r\r \r ‰ \r \r \r \rš \r ™‰ ˆ‰ \r\r\r \r \r \r\r \r \r \r \r \r ™ ‘ \b ‘ \r\r \r ™ \r\r \r \r ™
3 6;\b The Response to
6;\b The Response to Date ‰ \r \n \r \b ‰ \r \r ‰ \r \r \r \r \r\r — \r › \r œ \r \r \b ‘ \r\r‰ \r \r \r \r \r\b ‰ \r \r \r \r \r‚ \r\r \n \b – \r \r‚ \r\r \r \r ‰ ‚ \r\r \b › \r \n \r \r \r \r \r \r\r‰ ‚\r žŸ‘¡¢\b ‘ \r \r \r › \r \r \b £ ‰ \r › Ÿ‘¡ \r \r‰ \r \r\r \r \r\r \r \b ‘ \r \r › Ÿ‘¡ \r\n \r \r \r ‰ Œ\r \b 4 Preventing Account Takeover: is there a better way? One-Time Passcodes via SMS: less security, more friction Ÿ‘¡ ‰ \r \r \r\r \r \r \r \r \r\r \r \n \n‰ \r \r \r\r‹ \r \n ž›€Ÿ¢ \r &#
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29;\r\n \r \r \r\r‹ \r ‹ \r \r \r\r \r \r\r \r \r\r\b Ž\n \r \r \r Œ \r \r\n\r › Ÿ‘¡ \r \r\r\r \r \r \r\r \b Ž Œ \r Ž\n‰ › Ÿ‘¡ \r \r Ÿ‘¡ \r\r \r \r \r \r › Ÿ‘¡ \r \r \b \r › Ÿ‘¡ \r ‹ \r\n ‰ \r \r \r\r\b – \r \r \r\r \r\r ž \r\r \r ¢‰ \r \r \b \r‚ˆ ˜ …‰ \r \r \r Š \n …… \t¤ \r Œ \r ‰ \r …‡ \r ˜ \b € ž… ¢ \t¤ \r\r \r \r \r \r \r \n ž• ¢ \r \r \r \b ˜\r \r\r › Ÿ‘¡ \r\r‚ \r ‰ \r \r\r \r Ÿ‘¡ \r › \r\r Œ \r \b £ ‰ &#
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25; \r \r \r ‰ \r \r \r \r \r \r \b If not SMS OTP, then what? › \r \r \r‚ \r\r \r › Ÿ‘¡\b ‘ \r\r \r \r \r‚ \r \r \r \b £ ‰ \r\r \r ‰ \r \r \r\b › Ÿ‘¡ \r \r\n \r \r\r\r \r ‰ \r\r \r \r \r \n \r \n › Ÿ‘¡ \r \b ” ‰ \r — \r \r Ÿ‘¡ \n\r \r \r Œ \b — \r Ÿ‘¡‰ \r \r \r \b \r \r\r‰ \r ” ˜ \r\r Ÿ‘¡ › \r\r\b ‘ ‹ ‚ ‰ \r \r \r \n \r\n \r › Ÿ‘¡ \r \r\r \b ƒ \r ‰ \r \r —› ‚\r \r \n\b – \r \r \r\r‰ ¡€¥ \b Ž \r \r \r\r
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Ÿ‘¡‰ \r\n \r \r\r \b ‘ \r\r Œ \r \r \r \n \r \r ¡€¥ \r\r \r \r \r \r \r \n \b ‰ ¡€¥ \n \r \r Preventing Account Takeover: is there a better way? \r‰ \r \r \r \n\r \r\r \r \r \r \r Œ \r \b ” ‰ \r \r \r \r š ¡\r\r ‘ \r ‰ —\b‰ \r \r \r \rŸ \r \r ‚ \r\n \r \r\r\r \b — \n\r ‰ \r \r\r \r Ÿ‘¡ \r Œ‚ \r \r ›€Ÿ \r ‹ \r 5 PNV improves the consumer experience and reduces fraud risk. \r \b ‘ \r \r \r \r\r\b Conclusion \r › Ÿ‘¡‰ \n \r \r \r¦ \r\r \r \r \r\b — ‰ Ž\n \r ›€Ÿ \r \r ¡€¥ \r › Ÿ‘¡ \r š Ž\n \r \b –\r \r \r‰ Ž\n \r \r \r \r\r \r \r \r \n \r ‰ \r \r ¦ \r\r \r \r\r\r Ÿ‘¡ \rŠ\n\r \r\n\b ‘ \n Ž\n \r \r \r › Ÿ‘¡\b To �nd out more about how Boku’s solutions reduce friction in user authentication and help lower fraud risk, get in touch with us at www.boku.com www.boku.com “ &#