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What is Account Takeover? Account takeover, also known as ATO, is a form of identitytheft 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.
Additionally, these phishing forms requested answers to security questions commonly used for additional verification in banking transactions. This way, the cybercriminals gained full access to the victim’s account. Even the PIN code could be useful for the scammers in gaining access to the account.
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