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How Account Opening Abuse Affects 6 Industries

David Sénécal works for Akamai as a Director of Engineering — Fraud and Abuse and is the author of The Reign of Botnets . He is passionate about improving internet safety and is an expert in online fraud and bot detection . He has over 25 years of experience working with web performance, security, and enterprise networking technologies across various roles, including support, integration, consulting, development, product management, architecture, and research.

To complete a transaction on most websites — whether in retail, travel, or especially banking — users must create an account. 

\r\n Security standards for creating accounts

\r\n Websites have different security standards for account creation:

\r\n \r\n Retail, travel, and hospitality sites mostly require a first and last name and an email address 

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\r\n Sites that offer subscription-based services, like streaming, news articles, or cloud services, often require a credit…