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2.3B Credentials Were Stolen in 2017: These Industries Suffered Most

In 2017, some 2.3 billion account credentials were stolen because of 51 independent credential spill incidents, according to Shape Security‘s second annual Credential Spill Report. The main industries affected were consumer banking, retail, airline, and hospitality, which were primarily attacked via credential stuffing and account takeovers, according to Shape Security’s press release.

Credentials are often spilled through data breaches or personal attacks on users, in which cybercriminals obtain the credentials and use them on a wide array of websites and mobile apps, explained the press release.

Credential stuffing are large scale cyberattacks where criminals use stolen credentials over a mass amount of logins. These attacks are often successful because of users reusing passwords, said the release, which is no surprise, as 25% of employees use the same passwords for every account. Attackers then use the information to commit various fraudulent actions, from unauthorized bank transfers to online purchases.

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The Government Technology & Services Coalition's Homeland Security Today (HSToday) is the premier news and information resource for the homeland security community, dedicated to elevating the discussions and insights that can support a safe and secure nation. A non-profit magazine and media platform, HSToday provides readers with the whole story, placing facts and comments in context to inform debate and drive realistic solutions to some of the nation’s most vexing security challenges.

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