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Account takeover happens when a fraudster gains unauthorized access or control over a legitimate customer’s account. Account takeover (account compromise) attacks mainly target SaaS web applications. If the ATO attack is successful, the malicious actor can act on behalf of the legitimate account owner. Account takeover typically uses automated attacks such as credential stuffing.
354% Increase in ATO Attacks: According to Sift's Q3 2023 Digital Trust & Safety Index, ATO attacks surged by 354% year-over-year in Q2 2023.
ATO attacks are increasing rapidly, with a 354% increase reported in 2023, with losses running into billions of dollars for organizations and individuals. Shadow IT increases these risks when employees use corporate credentials to log in to unauthorized applications such as SaaS tools or supply chain portals. These accounts are often unmonitored and thus become easy marks for credential theft and phishing attacks.
Monitoring Shadow IT gives organizations a view into every cloud-based account in use. Scirge mitigates this risk with Shadow IT visibility, credential reuse detection, enforcing password hygiene, and teaching employees how to keep practices secure. Together, these help harden the defenses from account takeovers while keeping things compliant and decreasing the attack surface.
Scirge gives organizations the tools to discover and manage Shadow IT by tracking where and how corporate credentials are used across SaaS, supply-chain, GenAI, and other web applications. It helps discover Shadow SaaS and Shadow AI, and identify risks like password reuse, shared accounts, and phishing, while providing real-time awareness messages, automated workflows, and actionable insights.
