Account takeover is becoming a very common thing in most countries. Most people complain that their credential have fallen into the wrong hands or third parties. Criminals use this information to commit fraud and theft however they please. Once the information has been stolen, it is sold to another set of underground criminals. Sadly, the information stolen could be very sensitive to an extent that they may end up causing damage that is likely to last for a very long period time. This article highlights some of the methods that can be used to ensure that account takeover has been prevented.
Different phases are involved in the account takeover process. The breach is the first phase that involves finding some of the websites that are more vulnerable. They do this so that they can have access to the database of the person using the website. These breaches allows the thieves to have access to important passwords and sensitive information such as the users’ dates of birth and gender. Target attacks are then launched in the second phase. The information gathered by these criminals is considered to be very important at this point. The criminals will store the information and wait for the right time to strike.
The criminals will ensure that they have taken enough time to ensure that all the information has been decrypted. The people who are mainly targeted by these criminals include high profile people and celebrities. The criminals will then use such information to extract money from these individuals. The information is then sold to the criminals who are less sophisticated. At this point, the stolen information has already turned into a commodity.
The credentials are then stuffed. This is a process that involves trying to access other websites using the gathered information and passwords. They use various tools to ensure that this has been achieved. It is obvious that most thieves are completely aware that most people use the same passwords on different accounts and this makes their work even easier. Their interest is to ensure that your information has been exposed to the public. One of the best ways for someone to do this is by fortifying the passwords.
Prevention of fraud is one of the things that should be done to ensure that your account has been protected. Avoid the use of previously compromised passwords. The passwords should not be obvious and easy to guess. In case information has been stolen, it is important for someone to ensure that they have intervened early enough. In conclusion, you should prevent selling of stolen credentials to underground criminals.