The Role of Multi-Factor Authentication in Account Takeover Fraud Protection
In today's digital era, it's more crucial than ever to safeguard private data. With the proliferation of cyber risks, account takeover fraud has emerged as a major problem. It's a form of hacking in which fraudsters use stolen credentials to access a victim's online account. Once a hacker has access to a user's account, they are in a position to commit a wide range of criminal acts, such as identity theft, fraud, and monetary theft. In this post, we'll look at how multi-factor authentication can help in account takeover fraud protection.Multi-factor authentication (MFA) is a powerful tool for preventing unauthorized access to user accounts. It is a security method that calls for the presentation of at least two independent verifications of a user's identity. Something the user knows, l...
