Cyber attacks are more prevalent than ever in 2021. As an organisation, you have to remain alert because phishers, hackers, and scammers are still actively looking for their next victim, which can be your company.
One of their most common attacks is the account takeover. They can do this once they have successfully gained access to valid login credentials into your organisation’s accounts. As much as possible, you need to have strong cyber attack prevention measures in place. Remember that cybercriminals are intelligent, and they can take over your accounts just by using credential stuffing.
Credential stuffing is a malicious process wherein hackers can gain access to your accounts through brute force. They don’t need to guess your employees’ passwords; instead, they can use credentials from previous data breaches to gain access to new platforms.
Our experts have curated a list of ways to prevent account takeovers in your organisation. Here are some of the best cybersecurity practices you can do to handle or prevent account takeover:
1. Don’t Ignore Signs of Possible Attack
Every organisation is responsible for ensuring the safety of all its assets and accounts. And once you notice unusual activities in your system, report them immediately to prevent account takeovers and other attacks.
One possible sign you can look for is the marked increase in login failure rates over a short period. Usually, attackers can adjust their attack software to imitate the behaviour of real account holders so that they can access their accounts. But, not all of them are successful in doing so. This is why you have to pay attention to your system to catch these attempts from attackers.
2. Utilise Two-Factor Authentication
One of the ways you can prevent account takeover is to use two-factor authentication. This security process is most beneficial for user accounts that have accumulated many failed login attempts. However, you can’t rely solely on a two-factor authentication security process because cybercriminals can still bypass it.
3. Enhance Your Organisation’s Password Policies
Attackers have a greater chance of success in taking over your account if you use weak passwords. As much as possible, implement strong passwords for account holders and avoid reusing passwords among different accounts.
Fortunately, there are reputable password-management software tools you can use to generate complex passwords using random characters. These tools can also store your strong passwords securely, so you don’t need to memorise all of them.
4. Authenticate Your Organisation’s App
Aside from two-factor authentication, app authentication can also add some barriers to scripted attacks. App authentication can make it very difficult for attackers to enter your account. You can also control your back-end and prevent any attacks from hackers or even bots if you authenticate your app.
It’s crucial to learn how to prevent account takeovers because your company may experience significant losses if you experience an attack. Don’t underestimate the capabilities of cybercriminals because they can do anything just to get something from your company. It’s best to work with a reputable security company that can help keep your accounts and assets safe.
FraudWatch can help your organisation remain secure. We are a leading digital brand protection company keen on providing brands with online protection, cyber attack prevention, anti-phishing solutions, anti-piracy services, and more. Get in touch with us today to find out how we can help you!