ACCOUNT TAKEOVER FRAUD
A higher incidence requires a higher level of caution
Fraudsters use startlingly sophisticated techniques to infect and take over accounts.
Account Takeover, a growing form of payment fraud, targets ACH transactions by gaining access to internal systems and generating ACH files. It is closely related to Business Email Compromise (BEC), which revolves around phishing emails and “spoofed” email accounts.
Scammers are getting more sophisticated all the time. They patiently study their targets and the businesses they interact with, learning all they can about them so they can execute their scams without detection.
- How does Account Takeover Fraud Work?
- What can you do to prevent it?