Author/Source: Fortra See the full link here
Takeaway
This article explains a warning from the FBI about a big increase in online account takeover fraud. You will learn what account takeover is, how criminals do it, and important steps to protect your personal and business accounts.
Technical Subject Understandability
Beginner
Analogy/Comparison
An account takeover is like a thief stealing your spare house key and then using it to get into your home, pretending to be you, to take your belongings or make changes.
Why It Matters
This topic is important because account takeover fraud can cause people to lose a lot of money or have their identity stolen. For example, the article mentions that victims of these schemes have lost money from their bank accounts or had their credit cards used without permission.
Related Terms
Account Takeover (ATO), Credential stuffing, Phishing, Man-in-the-middle (MITM) attacks, Malware, Business Email Compromise (BEC). Jargon Conversion: Account Takeover (ATO) is when a criminal illegally gets into someone else’s online account. Credential stuffing is when criminals use stolen usernames and passwords from one website to try and log into many other websites. Phishing is when scammers send fake emails or messages that look real to trick people into giving up their login details. Man-in-the-middle (MITM) attacks happen when a criminal secretly gets between two people or systems communicating online to steal information. Malware is harmful software that criminals use to get access to computer systems or steal information. Business Email Compromise (BEC) is when criminals pretend to be a trusted person in a company to trick employees into sending money or private information.
Tech Teacher 
Leave a comment