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Cybercriminals are testing exposed credentials for future account takeover attacks

November 7, 2019

Fraud increased 30% overall in Q3 2019 and bot-driven account registration fraud is up 70% as cybercriminals test stolen credentials in advance of the holiday retail season, according to Arkose Labs.

After analyzing over 1.3 billion transactions spanning account registrations, logins and payments, the report found that one in five account openings were fraudulent. Researchers examined transactions in the financial services, e-commerce, travel, social media, gaming and entertainment industries from July 1, 2019 to Sept. 30, 2019.

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