Corporate Account Takeover (CATO)

Corporate Account Takeover (CATO) occurs when cyber thieves gain unauthorized access to a customer’s account. The thieves gain access through the theft of online credentials or by hijacking an online session.  Information stolen as a result of this unauthorized access is used to initiate transactions, change account contact information, and gather additional information on the account to commit crimes.  Both businesses and consumers can be affected by this crime.

Know the Warning Signs

Account holders should be vigilant in monitoring account activity and should be alert for red flags related to computer and network anomalies. All customers should be aware of the warning signs that their system/network may have been compromised

• Inability to log into online banking

• Dramatic loss of computer speed

• Changes in ways things appear on the screen

• Computer locks up so the user is unable to perform and functions

• Unexpected rebooting or restarting of the computer

• Unusual pop-up messages, especially a message in the middle of a session that says the connection to the bank system is not working (system unavailable, down for maintenance, etc.)

• New or unexpected toolbars and/or icons

• Inability to shut down or restart the computer

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