How Developers Can Help Prevent ATO Fraud
As more businesses are going online and shifting their operations online, it requires customers to log in with their username, password, or other personal details to use a certain application. This has increased the account takeovers. Currently, this problem is troubling the payment industry frequently and looting users by invading their accounts using their details. This has become a common problem, as users use the same login id and password over different websites, which eases the process for hackers to break into their accounts and steal the user’s information. What is ATO? Account Takeover is when someone else logins to an account that is not theirs. It is also called account hacking. Big business tycoons and tech fathers like Elon Musk, Mark Zuckerberg, Kayne West, etc. have been the victim of ATO attacks. Statistics of ATO Security.org suggests that 22% of U.S adults have been victims of ATO which costs around 24 million households. Even research claims that 60% of users h...