{"id":14620,"date":"2023-11-06T23:45:53","date_gmt":"2023-11-06T23:45:53","guid":{"rendered":"https:\/\/www.telesign.com\/?p=14620"},"modified":"2024-01-02T21:28:44","modified_gmt":"2024-01-02T21:28:44","slug":"trail-of-account-takeover-attacks","status":"publish","type":"post","link":"https:\/\/www.telesign.com\/es\/blog\/trail-of-account-takeover-attacks","title":{"rendered":"The threatening trail of account takeover attacks\u00a0"},"content":{"rendered":"\n<p class=\"wp-block-paragraph\">Year after year, we see the devastating global effects of rapidly increasing account takeover attacks (ATOs). SIM swap attacks, which are a common account takeover tactic, are leading the charge. According to ooftyadvisory.com, in today&#8217;s US enterprise market, SIM swap attacks cost individuals and businesses over 100 million dollars per year.\u00a0\u00a0<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Typically, ATOs occur in very targeted scenarios to obtain financial gain on a financial platform. However, this type of fraud is not exclusively linked to financial platforms. ATO is rapidly expanding to e-Commerce, social media, and many other platforms out there.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So why now? What\u2019s behind this increase in account takeovers?&nbsp;<\/p>\n\n\n\n<div id=\"ez-toc-container\" class=\"ez-toc-v2_0_85 counter-hierarchy ez-toc-counter ez-toc-grey ez-toc-container-direction\">\n<div class=\"ez-toc-title-container\">\n<p class=\"ez-toc-title\" style=\"cursor:inherit\">Table of Contents<\/p>\n<span class=\"ez-toc-title-toggle\"><\/span><\/div>\n<nav><ul class='ez-toc-list ez-toc-list-level-1 ' ><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-1\" href=\"#\" data-href=\"https:\/\/www.telesign.com\/es\/blog\/trail-of-account-takeover-attacks\/#data-breaches-a-mass-driver-of-ato\" >Data breaches: a mass driver of ATO&nbsp;<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-2\" href=\"#\" data-href=\"https:\/\/www.telesign.com\/es\/blog\/trail-of-account-takeover-attacks\/#phone-number-ato-via-sim-swap\" >Phone number ATO via SIM swap<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-3\" href=\"#\" data-href=\"https:\/\/www.telesign.com\/es\/blog\/trail-of-account-takeover-attacks\/#the-effect-of-ato-on-businesses-and-their-customers\" >The effect of ATO on businesses and their customers<\/a><\/li><li class='ez-toc-page-1 ez-toc-heading-level-2'><a class=\"ez-toc-link ez-toc-heading-4\" href=\"#\" data-href=\"https:\/\/www.telesign.com\/es\/blog\/trail-of-account-takeover-attacks\/#i\" >&nbsp;<\/a><\/li><\/ul><\/nav><\/div>\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"data-breaches-a-mass-driver-of-ato\"><\/span>Data breaches: a mass driver of ATO&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Data breaches are a huge problem in today\u2019s world, which has experienced rapidly increasing digitalization over the last few years. Your personally identifiable information (PII) could end up somewhere on the dark web, which is a never-ending data lake for identity theft.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">Having all these dark sources of data unfortunately increases the likelihood of becoming an ATO victim.&nbsp; When you factor in social engineering skills, threats, malware, phishing, and smishing, the risks become even more pronounced.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"phone-number-ato-via-sim-swap\"><\/span>Phone number ATO via SIM swap<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">Another aspect of account takeover that needs to be addressed is phone number ATO. In various markets, data from the mobile network can help you identify when the last SIM swap or porting event for a particular phone number took place. With SIM swap, fraudsters try to gain control of a phone number on one of their devices to intercept all communications and verifications to that phone number.&nbsp;&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">In some markets, there are stringent rules about performing a port-out or SIM swap. Bypassed often by using social engineering techniques, a SIM swap or an e-SIM swap is a change in the same mobile network, and porting would be from one network to another. As many networks transition to e-SIM technology, it\u2019s unclear what the full impact of this shift will be as it relates to fraud. Time will tell.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"the-effect-of-ato-on-businesses-and-their-customers\"><\/span>The effect of ATO on businesses and their customers<span class=\"ez-toc-section-end\"><\/span><\/h2>\n\n\n\n<p class=\"wp-block-paragraph\">These types of account takeovers are not exclusively linked to a password reset or account change flow. This vector of attack can happen anywhere throughout the customer&#8217;s journey.&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">So how can you tell when changes are needed?&nbsp;<\/p>\n\n\n\n<p class=\"wp-block-paragraph\">As soon as your platform detects a signal or multiple signals indicating a potential change or addition to customer account data, it\u2019s imperative to enhance your security measures. These changes could be one or more of the following:&nbsp;&nbsp;<\/p>\n\n\n\n<ul class=\"wp-block-list\">\n<li>Change in IP address<\/li>\n\n\n\n<li>Change in deviceID&nbsp;<\/li>\n\n\n\n<li>Change in account settings&nbsp;<\/li>\n\n\n\n<li>Change in behavioral characteristics of the consumer<\/li>\n<\/ul>\n\n\n\n<p class=\"wp-block-paragraph\">ATO is expanding, but that doesn\u2019t mean it has to harm your company or customers. If you\u2019re interested in learning more about all things account takeover, and how you can fight back, <a href=\"https:\/\/www.telesign.com\/contact-sales\" target=\"_blank\" rel=\"noreferrer noopener\">talk with the experts at Telesign today<\/a>.&nbsp;<\/p>\n\n\n\n<h2 class=\"wp-block-heading\"><span class=\"ez-toc-section\" id=\"i\"><\/span>&nbsp;<span class=\"ez-toc-section-end\"><\/span><\/h2>\n","protected":false},"excerpt":{"rendered":"<p>Year after year, we see the devastating global effects of rapidly increasing account takeover attacks (ATOs). SIM swap attacks, which are a common account takeover tactic, are leading the charge. According to ooftyadvisory.com, in today&#8217;s US enterprise market, SIM swap attacks cost individuals and businesses over 100 million dollars per year.\u00a0\u00a0 Typically, ATOs occur in<\/p>\n","protected":false},"author":4,"featured_media":15463,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"inline_featured_image":false,"footnotes":""},"categories":[68],"tags":[206,219,220,221,172],"class_list":["post-14620","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-security-tips","tag-account-takeover","tag-data-breaches","tag-e-sim","tag-port-out-fraud","tag-sim-swap"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.1 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Causes and effects of account takeovers<\/title>\n<meta name=\"description\" content=\"Account takeover attacks are rapidly expanding to e-Commerce, social media, and many other platforms. So why now and what&#039;s behind it?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.telesign.com\/es\/blog\/trail-of-account-takeover-attacks\" \/>\n<meta property=\"og:locale\" content=\"es_ES\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Causes and effects of account takeovers\" \/>\n<meta property=\"og:description\" content=\"Account takeover attacks are rapidly expanding to e-Commerce, social media, and many other platforms. 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