☠️ USA🇺🇸: Account takeover attacks rise by 24% in one year

☠️ USA🇺🇸: Account takeover attacks rise by 24% in one year

The antifraud solution developer Sift has published its “2024 Digital Trust Index” for the third quarter, based on a survey of 1,096 Americans over the age of 18 and data from the Fraud Industry Benchmarking Resource (FIBR).

▶️ In 2023 alone, account takeover fraud caused nearly 13 billion USD in losses, compared to 11 billion USD in 2022.

▶️ The main victims are typically users of commercial platforms that store payment information. Following the cyberattack on Ticketmaster, stricter security measures, such as mandatory two-factor authentication (2FA), were implemented.

▶️ Sectoral differences: In sectors with rapid, frequent transactions—such as food delivery, money transfers, and transportation—2FA adoption lags behind the average, as companies prioritize speed to minimize user friction during transactions.

▶️ A key finding of the report was a tool called “fraud as a service”, which can be rented on Telegram for just 10 USD a week. This service enables users to merge hacked data from various sources and, once access is purchased, they can easily search for individual or corporate accounts—leading to devastating consequences.

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