b2b-daily
Home | IT | Cyber Security

Are Account Takeover Attacks the Greatest Cyber Threat Today?

Avatar photo
by Paige Williams
June 7, 2024
Are Account Takeover Attacks the Greatest Cyber Threat Today?

In the ever-evolving battlefield of cybersecurity, a new nemesis has toppled other contenders to become the primary concern for organizations globally: account takeover attacks. A striking study by Abnormal Security unveils a worrisome trend, with 83% of surveyed organizations falling victim to these attacks in just the past year. The prevalence is alarming, with nearly half of these entities grappling with more than five such incursions. Account takeovers have insidiously climbed the ranks to join the top four cyber threats, as declared by 77% of security professionals.

The severity of account takeover attacks is magnified due to their ability to infiltrate various cloud services, unleashing chaos across platforms and disrupting the business operations they support. These services include widely used file storage systems, extensive cloud infrastructure ecosystems, and critical communication via popular email systems. The consequences can be dire, as these attacks also target services handling sensitive documents and contracts, exposing them to a spectrum of risks that could lead to significant data breaches, financial loss, and tarnished reputations.

Rethinking Defense Strategies

The cybersecurity landscape is constantly changing, and account takeover (ATO) attacks have now surged to the forefront as the primary threat facing organizations worldwide. Research by Abnormal Security has revealed an unsettling surge, with 83% of the organizations surveyed having been hit by ATOs within the preceding year. Moreover, nearly half of these organizations have combated ATOs more than five times. Security experts now place ATOs among the top four digital dangers, with 77% in agreement.

The impact of ATOs stretches far, particularly because they penetrate various cloud services, wreaking havoc on business functionality. These services range from frequently used file storage solutions to complex cloud infrastructure and critical email communication systems. The ramifications are severe: services that manage sensitive documents and contracts are exposed to risk, often resulting in massive data breaches, financial damages, and irreparable harm to company reputations.

Digital TransformationInformation Security

Explore more

SerpApi Sues SearchApi for Alleged Trade Secret Theft
February 25, 2026

Introduction The digital landscape of high-stakes search data processing recently witnessed a massive legal tremor as one of its most established players took a stand against alleged corporate espionage. In early 2026, SerpApi initiated a lawsuit against a former contractor and his subsequent company, SearchApi, citing the systematic misappropriation of trade secrets. This legal action highlights the vulnerabilities tech firms

Can AI Finally Secure the World’s Open-Source Code?
February 25, 2026

The digital backbone of global civilization currently rests upon millions of lines of open-source code that remain largely unvetted for critical security flaws despite their universal application. Most modern enterprises rely on shared libraries to power everything from financial transactions to power grids, yet the security of these foundations is often left to overextended volunteer maintainers. Traditional Static Analysis Security

Why Did MSI Return a Damaged Board With an ASUS Socket Cover?
February 25, 2026

The modern hardware ecosystem relies on a delicate contract of trust where consumers invest thousands of dollars into components with the expectation of reliable long-term support. As motherboards become increasingly complex, the role of authorized service centers has shifted from a secondary convenience to a critical pillar of hardware longevity. However, the global hierarchy of giants like MSI, ASUS, and

Why Are Non-Executive Directors Key to Workforce Planning?
February 25, 2026

The modern corporate landscape has reached a critical inflection point where the sheer velocity of change often outpaces the internal capacity for adaptation. Businesses today are navigating a complex web of economic shifts and technological breakthroughs that demand more than just operational efficiency; they require a high-level strategic foresight that spans beyond the immediate executive suite. Within this high-stakes environment,

Trend Analysis: Strategic Human Resources Evolution
February 25, 2026

The collision of sophisticated artificial intelligence and a visceral human craving for authentic workplace connection has forced a total reconstruction of how organizations manage their most valuable assets. This tension is not merely a friction point but the very catalyst transforming Human Resources from a traditional administrative support function into the central nervous system of global business strategy. Consequently, the