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2024 Bad Bot Report: The Cost of an Account Takeover Attack

2024 Bad Bot Report: The Cost of an Account Takeover Attack

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The 2024 Bad Bot Report highlights the steep cost of an account takeover (ATO) attack. Under GDPR, regulatory fines can reach up to 4% of a company’s annual global revenue or €20 million—whichever is higher. For a company earning $10 million annually, this could mean a $4 million fine. A class-action lawsuit from 10,000 affected customers could add another $5 million in damages. Additional expenses for breach notifications, legal and consulting fees, security upgrades, and credit monitoring can total $2.5 million more—making the total potential impact over $11 million.

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