LATEST INTELLIGENCE
PROTECTING AGAINST COMPROMISED ACCOUNTS IN EMAIL
Introduction
One of the key capabilities of an email security solution is the ability to detect anomalies . When something happens that ' s out of the ordinary , it can be a sign that
PRESENTED BY malicious behavior is afoot .
This can be referred to as account take over , or a compromised account . In an account takeover ( ATO ) attack , an attacker gains unauthorized access to the
Download whitepaper credentials for a user ’ s online account . This access hereican then be used for identity theft , fraud , and to
enable other cyberattacks , such as access to a user ’ s corporate credentials to login and plant ransomware within the corporate network .
In a one study , Javelin Research found that account takeover increased by a whopping 90 % in 2021 . These losses totaled $ 11.4 billion , making up nearly a quarter of all identity fraud losses in 2021 .
In a separate study , Feedzai , a financial risk management company , found that account takeover was the top fraud scam , up from fourth place in 2021 and ahead of social engineering . According to Aite Group , account takeover attacks , across all industries , cost more than $ 16 billion in losses – a 300 % jump from 2020 .
According to the 2020 Global Identity and Fraud Report by Experian , 57 % of enterprises report higher fraud losses due to account takeover .
It ’ s more than just taking over an account . There are real-life concerns .
Further , according to UK Finance , account takeover fraud accounts for nearly a quarter of all fraud losses .
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