In 2024, 24% of global consumers were victims of ATO—up from 18% last year.
But why are we saying that ATO is a growing threat? Let's take a look at ATO losses in recent years:

2018: Losses totaled $4 billion.
2021: Surged to $12 billion—a 3x increase from 2018.
2022: Estimated global losses were $11.4 billion.
2023: Climbed to nearly $13 billion.
2024: With a 24% increase in attacks, projected losses could reach $16 billion.

Reports suggest global ATO fraud losses may exceed $343 billion by 2027!!!! The question is: Are we prepared to fight back? Let’s review the ATO definition first:

ATO happens when attackers gain unauthorized access to legitimate accounts using stolen credentials or social engineering. Once inside, they can steal personal data, drain finances, and damage customer trust. For businesses, this means lost revenue, reputation damage, and costly recovery efforts. Industries like e-commerce and finance are especially at risk, facing millions in potential losses. As ATO attacks grow, building stronger defenses is more critical than ever. Despite advancements in AI, ATO remains a major threat, particularly to industries like e-commerce and finance. In the coming weeks, I'll dive deeper into questions like: What will ATO look like by 2027?

Why do we still face ATO with all the AI advancements that we had these recent years?

Are businesses the most vulnerable section of ATO fraud? Stay tuned for more insights on understanding and combating ATO.