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What is Account Takeover? Account takeover, also known as ATO, is a form of identity theft in which a malicious third party gains access to or “takes over” an online account. One of the primary reasons behind this massive rise in account takeover is the relative ease with which it can be done. Account Takeover Prevention.
To complete the booking, the scammers requested bank card details, claiming that a certain sum would be temporarily blocked on the account to verify the card’s authenticity. By gaining access to a corporate account, criminals could conduct financial transactions on behalf of employees and gain access to large customer databases.
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