Customer Account Takeovers: The Multi-Billion Dollar Problem You Don't Know About
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Customer Account Takeovers: The Multi-Billion Dollar Problem You Don't Know About
"Flare's report reveals that industries like e-commerce and streaming are facing severe account takeovers, with over 100,000 newly exposed accounts monthly."
"The alarming median account takeover exposure rate of 1.4% highlights the widespread issue of account security, particularly with the rise of session hijacking."
Cybersecurity incidents, notably account takeovers, have become prevalent across various digital platforms, significantly impacting industries such as e-commerce and streaming. A recent report by Flare indicates an alarming median exposure rate of 1.4% for such attacks, with over 100,000 accounts freshly compromised monthly in each sector. Session hijacking, a method that allows attackers to evade multi-factor authentication through session cookie theft, has also seen a concerning increase. These findings emphasize the critical need for enhanced security measures to safeguard user accounts against these prevalent threats.
Read at The Hacker News
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