Account takeover (ATO) attacks have surged 354% since 2023, emphasizing the need for enhanced prevention strategies to protect businesses and customers alike from cybercriminal activities.
ATO attacks can affect any organization with user-facing logins. Cybercriminals often steal credentials through phishing, social engineering, mass data breaches or purchases from the dark web.
These attacks can remain undetected for long periods since without active identity verification defenses, they mimic valid sign-ins, often allowing attackers to exploit compromised accounts.
Consequences of ATO include fraudulent transactions where cybercriminals make unauthorized purchases using stolen accounts and data theft where personal information like Social Security numbers is compromised.
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