What Happens to your stolen credentials?
Did you know that organizations are targeted by cybercriminals everyday.
The alarming fact is that organizations are targeted by cybercriminals every day, and there is an increase of up to 300% in number of stolen usernames and passwords in circulation since 2018.
What Happens next?
- Stolen information is often sold on the Dark Web for as little as £2.
- The stolen information can be used to create highly targeted phishing emails to trick you & your users into clicking malicious links and downloading malware.
- Some credentials are put up for an auction, that can fetch an average price of over US$3,100.
- These security breaches can lead to theft of private communication, names, addresses, financial data and account credentials.
What are its implications:
- You are a victim of account takeover considered as-a-service, where instead of buying a name and password, a cybercriminal effectively rents someone else’s ID for a while.
- Using weak login credentials makes it easy for hackers to guess and gain access to your online accounts.
- Reusing passwords for multiple accounts.
5 ways to protect your data from the dark web
- Use a password manager. They erase the password reuse problem. Combine it with two-factor authentication, password managers can create hurdles for cybercriminals trying to break into your accounts.
- Be proactive. allocating budget for external-credential and identity-monitoring systems, mitigate the risk of your data being disseminated after a breach.
- Protect employees’ personal accounts. extend security protection to employees’ accounts to lessen the risk of password reuse damage.
- Automate account takeover prevention. Automate every possible stage in the process, such as scanning the web for credentials, comparing credentials against known compromised material, and monitoring account creation for fraud warning signs.
- Network security monitoring service. Identifies, analyzes, and proactively monitors for the company’s compromised or stolen employee or customer records.
- As more applications are using such passwords for banking, work, and all, which are all online, using a weak password can be dangerous.
- Your credentials could end up for sale at the dark web.
- Change and use stronger passwords or download password manager apps to secure your accounts, to refrain from security breach.
- Check the button below if you think you are cyber-secured.
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