Glossary

An Account Takeover (ATO) occurs when a fraudster gains unauthorized access to a legitimate user's account. ATO can be accomplished through methods like phishing, social engineering, or exploiting data breaches. The fraudster, after taking control of the account, can make unauthorized transactions, steal sensitive personal information, or engage in fraudulent activities.

Age verification uses data from identity document validation in conjunction with biometric data to confirm a customer's age. This helps businesses ensure customer safety and regulatory compliance when offering age-sensitive products or services online.

AI-driven fraud detection leverages artificial intelligence (AI) and machine learning to identify and prevent fraudulent activity in real-time. AI-powered fraud detection systems analyze large volumes of data, looking for anomalous patterns or unusual behaviors that might be otherwise missed by traditional, rule-based methods. Mitek's AI-powered tools for fraud detection help organizations to proactively detect and stop threats.

Authentication processes are used to verify the identity of a user or entity attempting to gain access to systems or services, such as online banking or social media accounts, or a personal or corporate email account. Common methods of authentication include passwords, biometrics (including facial recognition or fingerprint), multi-factor authentication (MFA), passive liveness detection, and behavioral analytics that determine the consistency of the login attempt with previous logins.