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Account takeover attacks spike as fraudsters take aim at fintech and crypto

29
Nov
2022
Account takeover attacks spike as fraudsters take aim at fintech and crypto

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The number of digital accounts stolen has gone through the roof recently, with cryptocurrency holders being a high priority target for the threat actors.

According to a new report from fraud prevention experts Sift, the number of successful account takeover attacks increased by 113% in the first half of this year, compared to the same period in the year before.

Furthermore, there’s been a 79% increase in takeover attacks on cryptocurrency accounts. Sift bases these findings on a survey of more than 1,000 consumers, as well as its global network of more than 34,000 sites and apps.

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