Account Takeover (ATO) attacks have become a very common and lucrative business for cybercriminals who steal or buy credentials in third-party breaches and then reuse them to gain easy access into corporate systems to steal IP, perpetrate business email compromise, gain access to financial accounts and commit other types of cyber fraud.
In the 2020 Global Identity and Fraud Report by Experian, 57% of enterprises report higher fraud losses due to account takeover. According to the latest McAfee Cloud Adoption and Risk Report:
- 80% of all organizations experience at least 1 compromised account threat per month.
- 92% of all organizations have stolen cloud credentials for sale on the Dark Web.
- Threats in Office 365 have grown by 63% in the last two years.
Join Spanning as we explore the risk and impacts of Account Takeover on the business, detail the implications on Office 365 and G Suite data security, and discuss strategies and actions you can take to reduce your risk and manage the impact of a successful attack.