Account takeovers are on the rise. What can you do about it?
Posted On: October 10, 2024 by Prevail Bank in: Banking / Money Management, Fraud
What is an Account Takeover?
An account takeover occurs when cyber criminals gain control of your online accounts using stolen credentials. They typically purchase consumer PII (Personally Identifiable Information) from the dark web, which is often sourced from data breaches, phishing scams, or malware. PII includes information like your name, address, email, phone number, date of birth, social media login details, and passwords.
Once a criminal has access to this...
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