Corporate Account Take Over occurs when cyber thieves gain unauthorized access to a business account – often through the theft of online credentials or by hijacking an online session – and initiate transactions, change contact information, and gather information on the account’s history to commit other crimes.
Businesses need a cybersecurity strategy to protect their own business from growing cybersecurity threats.
To learn more about CATO, click on the following link:
https://www.nacha.org/content/current-fraud-threats-resource-center