Account Takeover Fraud: What You Need to Know


In the 21st century, fraud is a business transferred from offline to online. In recent years, internet users have increased significantly, and cybercrime too. Most people use web services to communicate with friends or commence daily transactions such as paying bills and shopping online. Several months ago, social media platforms were concerned about security threats affecting their network due to spam registrations by bots and fake accounts to spread misinformation. And, now the situation shifted because attackers began using compromised accounts for fraudulent activities through account takeover frauds. What is Account Takeover Fraud? Account takeover fraud is a type of online fraud that occurs when a criminal gains access to a victim's account and uses it to purchase items or steal money. This can be done by stealing the login credentials or infecting the victim's computer with malware that captures keystrokes. Victims of account takeover fraud typically lose money, have....

April 22, 2022
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Charles Charles
5 months ago

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6 months ago

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