Being the target of an account takeover isn’t fun at all, and it makes you want to quit doing business with the company. In addition to the potential loss of customers, the impact on the business is felt directly on the bottom line owing to the loss of sales, infrastructural budget overruns, and brand reputation harm.
An ATO’s immediate impact on an end-user is to create panic. They frequently receive a message such as “you have got a password recovery notification from your favorite retailer/financial institution/social media because your account has been compromised.”
ATO tactics have evolved, and now it involves deliberate low-and-slow attacks that target specific users and passwords.
Cyberattacks on companies and persons with a large social media presence are the finest example of these patterns. Account takeovers are a constant concern for businesses because now hackers are more concerned with exaggerating positive or negative information rather than stealing from the hijacked account.
As our analysis has revealed, the speed and vigor of ATOs are rising. So, all firms with an authorized application should consider analyzing ATO and developing mitigations to maintain high client satisfaction.
#Malware #Attacks #Cybersecurity #News #ATO
The Secure Family News Cycle Never Stops
- July 6, 2024
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