Akamai Account Protector Adds New Capabilities to Power the Fight Against Fraud and Abuse

Rhea-AI Summary

Akamai Technologies (NASDAQ: AKAM) has enhanced its Account Protector security solution with new real-time capabilities designed to protect user accounts throughout their entire lifecycle. The upgraded solution now offers comprehensive protection against account opening abuse, takeover attacks, and fraudulent activities from account creation through post-login activities.

The enhanced features include lifecycle protection, flexible risk management, and advanced API operations for critical activities such as account updates, password changes, and payments. The system continuously monitors user behavior, analyzes risk signals, and initiates automated responses to balance security with user experience.

Positive

• Introduction of enhanced real-time security capabilities for comprehensive account protection
• Expansion of product features to cover entire account lifecycle protection
• Implementation of flexible risk management system for improved user experience

Negative

• None.

New real-time capabilities provide businesses with granular control and security across entire user account lifecycle

CAMBRIDGE, Mass., Oct. 29, 2024 /PRNewswire/ -- Akamai Technologies, Inc. (NASDAQ: AKAM), the cloud company that powers and protects life online, today launched new capabilities to its Account Protector security solution. These enhancements are designed to safeguard user accounts against abuse throughout their entire lifecycle and provide advanced protection against account opening abuse, account takeover attacks, and other attack schemes.

The new capabilities enable organizations to protect accounts from the moment they are created, through password resets, logins, and all post-login activities. In today's threat landscape, a single security check at login or transaction is no longer enough. To effectively stop malicious activity and abuse, it's essential to analyze risk in real time and continuously monitor accounts throughout their entire lifecycle for signs of suspicious behavior as they happen.

"As the cybersecurity landscape evolves, so do the tactics of fraudsters," said Rupesh Chokshi, Senior Vice President and General Manager, Application Security, Akamai. "Traditional static risk assessments at login are no longer sufficient to counter sophisticated account abuse threats. These enhancements to Account Protector provide continuous risk assessments and help customers detect subtle behavioral changes that could signal impersonation or fraudulent activity."

Account Protector collects a broad set of risk signals from across the entire lifecycle of an account, analyzes them, and initiates automated responses that balance risk mitigation with user experience. New capabilities include:

• Lifecycle protection — Account Protector empowers organizations to evaluate user risk at any stage, from account creation to post-login activities such as account updates, password changes, and payments.
  
  
• Flexible risk management — Organizations can tailor their security measures according to risk tolerance and business objectives, adding friction for suspicious users or reducing it for trusted users at any point in the user journey.
  
  
• Advanced API operations and risk detection — New API operation purposes and risk detections have been added for critical post-login activities, including:
  • Account update — Enables organizations to identify imposters who are attempting to update an account after taking over a user account
    
    
  • Password change — Provides enhanced detections to identify abnormal password change after a user account takeover
    
    
  • Payment — Supports secure checkout transactions or money transfers by identifying imposters who are making fraudulent transactions after taking over a user account

These new capabilities provide advanced protection against sophisticated account abuse by monitoring user behavior in real time and adapting to changing risk profiles. Businesses can now better safeguard their user's accounts and respond to emerging risks while continuing to deliver great user experiences for trusted users.

Learn more about Account Protector and protecting user accounts across the entire user journey.

About Akamai
Akamai powers and protects life online. Leading companies worldwide choose Akamai to build, deliver, and secure their digital experiences — helping billions of people live, work, and play every day. Akamai Connected Cloud, a massively distributed edge and cloud platform, puts apps and experiences closer to users and keeps threats farther away. Learn more about Akamai's cloud computing, security, and content delivery solutions at akamai.com and akamai.com/blog, or follow Akamai Technologies on X, formerly known as Twitter, and LinkedIn.

Contact
Jim Lubinskas
Akamai Media Relations
703.907.9103
jlubinsk@akamai.com 

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SOURCE Akamai Technologies, Inc.

FAQ

What new features did Akamai (AKAM) add to Account Protector in October 2024?

Akamai added lifecycle protection, flexible risk management, and advanced API operations for account updates, password changes, and payment security to its Account Protector solution.

How does Akamai's (AKAM) enhanced Account Protector protect against fraud?

It monitors user behavior in real-time, analyzes risk signals across the entire account lifecycle, and initiates automated responses to protect against account abuse, takeover attacks, and fraudulent activities.

What specific post-login activities does Akamai's (AKAM) Account Protector now monitor?

The solution now monitors account updates, password changes, and payment transactions for suspicious activities and potential account takeover attempts.