BetaNews: Fraudsters target account takeovers during the pandemic

BetaNews: Fraudsters target account takeovers during the pandemic. “Attempted account takeovers grew by 282 percent over the last year, while ATO rates for physical eCommerce businesses — those that sell physical goods online — have jumped 378 percent since the start of the COVID-19 pandemic. The Q3 2020 Digital Trust and Safety Index released today by Sift finds that between Q2 2019 and Q2 2020, ATO attacks happened in discrete waves about a week apart, indicating that fraudsters are turning to bots and automation in order to overwhelm security.”

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