Solutions – Account Takeover Case Study
Providing a real-time customer liveness check that allows you to check which mobile numbers are no longer active
Read case study >Addressing the escalating threat of account takeover fraud through advanced mobile insights
Account takeover (ATO) fraud has become a significant challenge for both individuals and organisations. In 2023 alone, ATO fraud resulted in nearly $13 billion in losses, up from $11 billion in 2022. This unauthorised access to accounts enables fraudsters to conduct fraudulent transactions, steal sensitive information, and cause substantial financial and reputational damage
Cybercriminals continually adapt their methods to exploit vulnerabilities in digital security. In 2024, 99% of monitored organisations were targeted for account takeovers, with 62% experiencing at least one successful breach. These incidents often stem from compromised credentials obtained through data breaches, phishing attacks, and malware, highlighting the need for robust security measures
Despite technological advancements, human behaviour remains critical to account security. Studies show that only 16% of individuals create passwords over 12 characters long, and 36% use unique passwords half the time or less. This underscores the importance of educating users on best practices and implementing systems that can detect and respond to suspicious activities in real-time
The typical victim of an account takeover loses about $180, with 40% also experiencing identity theft as a consequence
On average, it takes 11 months to resolve a breach caused by stolen credentials, including 240 days to identify the breach and another 88 to contain and resolve it
Only 16% of individuals create passwords over 12 characters long, and 36% use unique passwords half the time or less, highlighting vulnerabilities in personal account security
Verify confirms that the mobile number associated with an account is valid, active, and matches the user’s provided identity details. This helps prevent unauthorised access by ensuring that only legitimate users can initiate account activities
Talk to a Verify expert > Learn more about Verify >
Score evaluates mobile numbers in real-time, identifying signs of suspicious activity and fraud risk. By assessing factors such as recent SIM swaps or device changes, Score aids in detecting potential account takeover attempts before they succeed
Talk to a Score expert > Learn more about Score >
Authenticate enables seamless login verification for returning users by leveraging mobile network signals, reducing reliance on weak passwords and vulnerable SMS OTPs
Talk to an Authenticate expert > Learn more about Authenticate >
A global marketplace needed a way to verify buyers and sellers across multiple countries while minimising fraud and ensuring a seamless user experience. Their solution required accurate intelligence and real-time identity verification
"Phone number verification plays a critical role in helping to detect and prevent online fraud. TMT ID’s TeleShield product provides easy access to global mobile data, enabling us to enhance the actionable results of our MaxMind minFraud® services."
"BTS (Business Telecommunications Services) is successfully using TMT’s Velocity and Live services to check the status of mobile numbers. This way we make sure we optimize the performance of the service offered to our customers and ensure the quality of terminating traffic to all countries.”
"Working with TMT’s TeleShield service has expanded our ability to detect fraud and minimise the risk to our business. TeleShield brings peace of mind and the opportunity to stop fraud before it affects our customers’ bottom line or the service."
"LATRO relies on TMT’s TeleShield to provide the most up to date and reliable numbering qualification information within our fraud reporting tools, enabling us to protect our customer’s revenues and empowering them to defend themselves against fraudulent numbers."
"TMT is a valued partner that enables us to manage our routing costs effectively. They proactively and continuously expand their operator and country coverage while delivering exceptional customer service. We can always count on them to achieve high-quality results and look forward to our continued collaboration."
"TMT provides us with the most comprehensive numbering intelligence data through their fast and reliable Velocity and Live services. TMT is a trusted partner for us, their products ensure that we continue to optimise the best performance and service to our customers."
"TeleShield from TMT gives 42com the power to detect and target telephony fraud scams internationally, thereby protecting our company from the financial and customer experience impacts of telecommunications fraud."
"It has been a pleasure to work with the team at TMT. They have become an essential provider of accurate numbering data information and Number Portability services globally."
"Deutsche Telekom Global Carrier uses TMT ID as one of their key suppliers for Mobile Number Portability Data services. Deutsche Telekom Global Carrier uses TMT ID’s Velocity MNP solution. This is an ultra-fast query service that optimises the routing of international voice calls and A2P messaging."
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