Description: Account Takeover is a type of fraud where an attacker gains unauthorized access to a user’s account, typically through phishing techniques, social engineering, or the use of malware. This unauthorized access allows the attacker to perform actions on behalf of the user, such as making purchases, transferring funds, or accessing sensitive personal information. Account Takeover is particularly concerning in the realm of online services and e-commerce, where user accounts are often linked to financial and personal data. Key characteristics of this type of fraud include identity theft, the use of stolen credentials, and the manipulation of authentication systems. The relevance of Account Takeover lies in its impact on both consumers and businesses, as it can result in significant financial losses, damage to reputation, and a decrease in customer trust in online platforms. Preventing this type of fraud involves implementing robust security measures, such as two-factor authentication, educating users about safe practices, and continuously monitoring accounts for suspicious activities.
