Virtual CISO
Jul29

Account Takeover Prevention

Credentials exposed in third-party breaches are routinely used by criminals to perpetrate fraud, steal intellectual property, and create reputational damage for organisations. The danger lies in the frequency of password reuse; 59% of people admit to reusing the same password everywhere, which means when that password is exposed in a breach, criminals will use it to break into all manner of personal and corporate accounts.

This is called Account Takeover; a cybercriminal acquires another person’s login credentials, most often by leveraging reused or similar passwords from previously breached sites, to gain access to their accounts. Once inside, they can steal funds, make fraudulent purchases, acquire personally identifiable information (PII), perpetrate business email compromise, and harm the reputation of the individual and/or organisation.

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