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Account takeover is a form of identity theft where a fraudster uses bots to gain financial access to customers’ account. The criminal can access a bank account, an eCommerce store, a gaming portal, or any other site. Here is what you can do about it.
Guard Against Credential Stuffing
Fraudsters who want to access other people’s accounts use either an account takeover technique or credential stuffing.
Fraudsters know that many account users use the same usernames and passwords at multiple websites. So they know if they gain access to some stolen credentials for one account, they can use the same credentials to access that individual’s other accounts.
Another technique used by the fraudsters is credential cracking. In this case, the fraudster tries as many options as possible, hoping that they will guess the right username and password.
Therefore, encourage customers to use unique usernames and passwords on their accounts with …