Huge security breaches brought about by cybercriminals have become quite rampant over the years. But it’s not just the increasing numbers that cause organizations concerns; it also the manner on how such crimes have become so advanced.
The way that cybercrimes, such as account take over attacks (ATO), take place nowadays have rendered even organizations with extremely tight security vulnerable.
With such breaches costing organizations hundreds and hundreds, even millions of dollars, it’s necessary that you and your own firm do everything possible to prevent them from happening in the first place.
And as a backup measure, contain such attacks and put a stop to their progression before they can wreak further damage.
Risk mitigation starts with education
One thing to keep in mind is that ATO doesn’t discriminate. It can happen to anyone, from individuals to small businesses to large corporations. Their enforcement can take many different forms, from credit card fraud to phishing, check fraud to skimming, and check fraud to hacking just to name a few.
Knowing the who, how, and when behind account take over attacks is essential to reducing your organization’s risks of falling victim to cybercriminals. This way, you can better determine your organization’s vulnerabilities and apply the necessary increased security measures.
Prevention through early detection
The use of an effective, robust ATO detection program plays a critical part in cybersecurity risk mitigation policies. These systems examine, investigate, detect, and classify behaviors and transactions to determine whether they are anomalies.
Through the early detection of potential account takeover activities, organizations can immediately respond and take the necessary actions before cybercriminals can even penetrate their security.
Always remember that cybercrimes don’t just cost a lot of money; it can put your business in serious legal troubles, not to mention the safety and security of your people and the customers you serve. So, don’t risk it. As early as now, boost your firm’s cybersecurity measures.