The identity and authentication company, Okta, reports that over 10 billion credential stuffing log-in attempts were recorded in just the first three months of 2022. This accounted for 34% of all log-in attempts.
Credential stuffing is a cyberattack that takes advantage of widespread and continued password reuse. It begins with stolen log-in details, which are then used across other sites using automated software to “stuff” credentials into log-in pages. In short, reusing passwords creates a domino effect where, once breached, the password can used to breach multiple accounts.
Most of the credential stuffing incidents took place in the U.S. and South-East Asia, according to Okta’s “State of Secure Identity Report”. Retail platforms were most affected by credential stuffing attacks: while the average rate of credential stuffing was less than 10% of log-in attempts for most platforms, the retail industry saw a rate of 80%. That said, organizations in the finance, energy, and software sectors also experienced significant rates of attack.
These attacks highlight the need for more robust cybersecurity measures on these platforms — not to mention the use of multi-factor authentication (MFA) and stronger passwords by the average consumer.
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Trend Micro’s Password Manager will mean you don’t have to worry about attacks like credential stuffing. This great tool will quickly and easily protect and manage your passwords from any platform and on any device and browser. Best of all, it’s FREE. Why not give it a go today? And as ever, if you’ve found this article an interesting and/or helpful read, please do SHARE it with friends and family to help keep the online community secure and protected.
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