Corporate Compliance Insights: Account Takeover Is On The Rise: Is Your Company Ready?

May 15, 2018 — Sophisticated Data Breaches Threaten the U.S.

Robert Capps, VP at NuData, wrote on a report issued by Corporate Compliance Indights disclosing that across the globe, data breaches continue to increase each year, making it even easier for fraudsters to take over accounts. We are already near ten billion exposed records since 2013 – 9.7 billion – according to the Breach Level Index.

Combating account takeover poses a huge challenge because the attacks that pave the way for account takeover happen at the login stage, where many companies don’t have the tools to look at what’s happening. The attacks at login use millions of stolen credentials to find the working combinations and, once they find them, they can take over the accounts they’ve been trying to open and make a profit.

For the complete article, go here.