Account Takeovers
Common Fraud Tactics
Account Takeovers, also known as Corporate Account Takeovers, is a fast-growing electronic crime where thieves typically use some form of malware to obtain login credentials to online banking accounts and then fraudulently transfer funds from those accounts. This can be an account-to-account transfer, a POP Money transfer, etc.
There are multiple methods for the thieves to try and steal your credentials; the most popular is through malware that infects a computer. Malware can be distributed through malicious websites, email links and social networking sites.
How to Reduce Your Risk of Account Takeovers:
- Maintain strong passwords
- Watch your statements and/or accounts closely for unauthorized activity.
Install Security software, like antivirus and anti-spyware.