What is Account Takeover Protection Market?
Account Takeover Protection is a part of Imperva’s Advanced Bot Protection solution that identifies and defends against cybercriminal attempts to take over consumer or business accounts for malicious purposes. It helps in identifying high-risk users at account creation and login, and it also monitors for suspicious account changes. It has numerous benefits such as protects online accounts from unauthorized access, avert fraud attempts before they take place and preserve customer trust and loyalty.
Highlights from Account Takeover Protection Market Study
Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Unit | Value (USD Million) |
Key Companies Profiled | SpyCloud Inc. (United States), Visa Inc. (United States), Kount Inc (United States), Imperva (United States), CyberSource (United States), Barracuda Networks, Inc (United States), Agari Data Inc (United States), Ravelin Ltd (United Kingdom), Radware (Israel) and Akamai Technologies (United States) |
The companies are exploring the market by adopting expansions, investments, new service launches and collaborations as their preferred strategies. The players are exploring new geographies through expansions and acquisitions across the globe to gain competitive advantage through combined collaborations. Research Analyst at AMA predicts that United States Players will contribute to the maximum growth of Global Account Takeover Protection market throughout the forecasted period.
SpyCloud Inc. (United States), Visa Inc. (United States), Kount Inc (United States), Imperva (United States), CyberSource (United States), Barracuda Networks, Inc (United States), Agari Data Inc (United States), Ravelin Ltd (United Kingdom), Radware (Israel) and Akamai Technologies (United States) are some of the key players profiled in the study. Account Takeover Protection Market Segmentation:
Scope | Sub-Segments |
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Application / End User | Healthcare, Banking, E-Commerce, Telecommunications, Insurance and Others |
Type | Payment Protection, Account Information Protection and Login Protection |
Takeover Techniques | Hacking,Phishing & Spear Phishing,Social Engineering,Botnets,Credential Stuffing |
On the basis of geography, the market of Account Takeover Protection has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Influencing Trend:
Increased Risk for IT, Human Resource Departments and Higher Level Management and Increased Penetration of the Internet
Market Growth Drivers:
Increasing Use of Advanced Hacking Techniques by Cyber Criminals that lead to Rising in the Numer of Account Takeover Frauds and Growing Demand from Industry for Financial Information or Sensitive Data Security
Challenges:
Rapidly Changing Attack Methods by the Cyber Criminals results in Less Awareness among People about new Attacking Methods
Restraints:
Less Awareness among People In the Industry
Opportunities:
Increasing Number of Cyber Attacks Worldwide and Rise in the Demand for Account Takeover Protection from Industries such as Healthcare, Academic Institution and Others
Key Target Audience
Account Takeover Protection Providers, Emerging Companies, Research Professionals and End-users
In December 2021, Seattle-based company F5 unveiled a range of security solutions aimed at enhancing the collaboration between security and fraud teams. These offerings are designed to combat both automated and human-driven malicious activities, safeguard sensitive user information, and prevent fraud. By expanding its Shape Security portfolio of Software-as-a-Service (SaaS) and managed services, F5 enables customers to defend against account takeover (ATO) while simultaneously enhancing digital experiences across various touchpoints, including applications and APIs.