Fraudulent accounts create easy gateways into a system. Although CAPTCHAs and multi-factor authentication methods are effective in mitigating these, they can impair user experience.
Account takeover involves gaining unauthorized access to an account and carrying out illegitimate transactions. This is often achieved by credential stuffing, phishing, or acquiring credentials via databases and black markets.
Fake registrations occur when fraudsters create accounts using stolen information or fake identities. These fake accounts can then be used for malicious purposes, such as promo abuse or money laundering.