Account Takeover Attacks (ATO) | Stop Account Fraud & Theft [For Good]
In general, account takeover is the success of a malicious third-party attacker gaining access to a user’s account via stolen credentials for the purpose of fraud. This happens when a bad actor acquires another person’s login credentials, most often by leveraging reused or similar passwords from previously breached sites, and gains access to existing accounts – which may unlock corporate data, sensitive PII, funds, loyalty points and more. Criminals use those stolen assets to commit fraud, make unauthorized purchases, and perpetrate business email compromise (BEC), among other tactics, then eventually package the credentials for sale on the dark web, perpetuating the profit cycle.
The result can be devastating to the victim and to the organization’s reputation, operations, and bottom line.