How Corporate Account Takeover (CATO) Works and How Community Banks Can Stop It
Quick answer: Corporate Account Takeover (CATO) is a type of bank fraud where attackers use stolen or compromised credentials to gain direct access to business accounts. Unlike scams that rely on tricking employees, CATO gives attackers real account access. Prevention requires multi-factor authentication, active account monitoring, and a clear incident response plan. Corporate account takeover
Quick answer: Corporate Account Takeover (CATO) is a type of bank fraud where attackers use stolen or compromised credentials to gain direct access to business accounts. Unlike scams that rely on tricking employees, CATO gives attackers real account access. Prevention requires multi-factor authentication, active account monitoring, and a clear incident response plan. Corporate account takeover
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