Cyber crime comes in a lot of different forms, but perhaps the most cyber attacks of all involve account takeovers. This is when malicious actors conduct identity fraud to gain illicit access to someone’s online accounts, and it can be truly disastrous for the victim in question. A new report from Sift just revealed that there was a massive increase in account takeover attacks, or ATOs for short, in the first half of 2022.
With all of that having been said and now out of the way, it is important to note that ATOs saw an incredible 131% increase in the first six months of 2022. Such activities have seen a lot of growth since 2021, which indicates that the criminals behind these attacks are starting to develop increasingly advanced methods to get the job done.