How to protect an account that has been hijacked before you register it
Account takeover fraud is not new but it is growing fast. By 2018, account takeover fraud accounted for losses of around $4 billion. In 2021, this figure increased by more than 200%, and as of today, it is estimated to exceed $12 billion. A recent paper published by Microsoft has revealed a new and disturbing way of compromising accounts where hackers hijack accounts before users register them. For instance, they create an account in Zoom or Dropbox using the user's credentials.