Financial Crimes Spotlight: New Trends and Tactics in Account Takeover Schemes (Duration: 54 minutes)

Instances of Account Takeover (ATO) schemes have become widespread and pervasive, concurrent with a rich market for stolen or compromised identity documents and credentials resulting from data compromise incidents. ATO schemes impacting member firms commonly involve a bad actor improperly accessing a customer’s brokerage account to purchase or sell securities at inferior prices. This webinar reviews a FINRA released Threat Intelligence Product (TIP) that highlights this type of fraud.