| Status | ||||
|---|---|---|---|---|
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Account Takeover
Alternative Forms
Identity Takeover
Identity Usurpation
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Account
Credential Theft
Identity Theft
True Name Identity Theft
Quotes
The usual technique was to loot whatever customer accounts you could and send the money to compromised accounts at whatever bank was slowest at recovery. Of the £35m lost by UK banks in 2006, over £33m was lost by a single bank. One of its competitors told us that the secret was to spot account takeovers quickly and follow them up aggressively; if money’s sent to a mule’s account, he should find his account frozen before he can walk to Western Union.
(Anderson, 2020, p. 416)
Identity Theft/Account Takeover: Identify theft involves a perpetrator stealing another person’s personal identifying information, such as name or Social Security number, without permission to commit fraud. Account Takeover is when a perpetrator obtains account information to perpetrate fraud on existing accounts.
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(Harris, 2007, p. 266)
Bibliography
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