Breaking Down an Account Takeover (ATO) Attack on an E-Wallet

Data breaches in the first half of 2021 exposed the user credentials of almost 20 billion users. With fraudsters employing increasingly sophisticated methods to gain access to user credentials, account takeover (ATO) fraud is set to skyrocket. 

Fraudsters can effortlessly fly under the radar and conduct malicious activity after orchestrating account takeovers. In the face of increasing account takeovers, it is important that everyone knows how one works.