02/16/2021

Account takeover incidents up by 20% in 2020: Report

Express Computer

The account takeover incidents increased by 20 per cent in 2020 compared to previous year and every second, fraudulent transaction in the finance industry was an account takeover last year, a new report said on Sunday.

According to anonymised statistics of events detected by Kaspersky Fraud Prevention from January to December 2020, the share of such incidents increased from 34 per cent in 2019 to 54 percent in 2020.

Two schemes to get access to a bank account — ‘the rescuer’ and ‘the investor’ — remain among the most common since 2019.

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