Unauthorised account takeovers put your data, information and funds at risk. A big part of preventing these types of attacks comes from learning how they occur and how to safeguard yourself. Think your account is as secure as it can be? Find out ⤵️
In this edition of our “Stay Safe” series, we’ll explore the different techniques hackers use to steal your data in an account takeover attack.
ATO attacks involve cybercriminals gaining unauthorized access to user accounts, usually through stolen login credentials, which could be obtained directly from victims themselves or through dealing with other criminals. Attackers typically gather a list of valid usernames or email addresses associated with user accounts. Then, they try a selection of frequently used or weak passwords across all the collected accounts. In some cases, a password could already be known , which the attacker uses to search for matching login credentials.Attackers collect stolen login credentials and test them on multiple other websites in an attempt to gain access to additional user accounts.
Adware: This type of malware displays advertisements to users as they browse the internet. These ads can be unwanted or malicious, as part of a social engineering attack. They can also be used to track user activity, potentially compromising their privacy. Enable multi-factor authentication whenever it is available for an extra layer of security. On Binance, users can enable up to 4 types of MFA: email verification, phone number verification, Binance or Google Authenticator, and biometric authentication.
Keep your devices updated with the latest security patches and use reliable security software, such as antivirus and anti-malware programs, to protect against threats. Educate yourself and stay informed on the latest security threats and best practices to keep your accounts and personal information safe. Continuously update your knowledge on staying safe online so as to better protect yourself from potential attacks.Organizations can apply the following strategies to prevent ATOs and protect their users’ accounts from unauthorized access:
Implement measures to lock user accounts after a certain number of consecutive failed login attempts, with a specific cooldown period before the account can be unlocked.
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