Mike Bosserman | Source | Chief Revenue Officer at MANTL
Mike Bosserman
Chief Revenue Officer at MANTL
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Chief Revenue Officer at MANTL
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Account takeover fraud poses a variety of risks to financial institutions because fraudsters will often weaponize a compromised bank account to perpetrate more fraud.
For example, criminals will use the stolen bank account to fund a new bank account they open online for criminal activities.
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Account takeover poised to surpass malware as the No. 1 security concern
Account takeover increased by 90% to an estimated $11.4 billion in 2021 when compared with 2020 — representing roughly one-quarter of all identity fraud losses last year, according to Javelin Research.
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MANTL
Chief Revenue Officer