Wednesday, January 15, 2025
HomeComputer SecurityHackers Constantly Carrying out Password Stealing Attacks Targeting Financial Services Industry

Hackers Constantly Carrying out Password Stealing Attacks Targeting Financial Services Industry

Published on

Cyber Criminals are constantly targeting financial networks that lead to stole customer login details and the percentage of Password Stealing Attacks are on the rise.

Hackers constantly targeting login pages of banks and other retailers by using botnets to try the stolen login information across the web.

Many users have the same credentials across multiple services and account, by launching a Credential stuffing attack, the attackers can gain access to the accounts, this can be avoided by using a unique password for each service and change the passwords to all accounts at least once a month.

Credential stuffing is the attack type where the cybercriminals use stolen account credentials collected from data breaches and other sources are used to gain unauthorized access to user accounts.

Password Stealing Attacks on the Rise

According to Akamai report approximately 3.2 billion malicious logins per month from January through April 2018, and over 8.3 billion malicious login attempts from bots in May and June 2018 – a monthly average increase of 30 percent.

Financial services and the details are the most vulnerable industries where the constantly targeted by hackers, they used botnets to assume an identity, gather information and to steal the login credentials.

The dark web markets remain as a place for selling stolen credit cards, the underground offers hacker-for-hire services, hacking tools, tutorials and more. These dark web markets are accessible through anonymization services such as Tor or I2P.

Last year Leakbase the website that resells the hacked passwords exfiltrated from most significant data breach went offline.

Users can check for the compromised credentials through Pwned Passwords Tool that contains tons of password database to helps the user to check whether their password has been ever listed in the previous major password-based data breaches.

Related Read

List of Top Ten Dark Web Activities That Alerts Organizations a Possible Breach by Hackers

Largest Dark Web Marketplace Black Hand Shut Down By Authorities

Hackers Selling Airport Security System Credentials on Dark Web for $10

Gurubaran
Gurubaran
Gurubaran is a co-founder of Cyber Security News and GBHackers On Security. He has 10+ years of experience as a Security Consultant, Editor, and Analyst in cybersecurity, technology, and communications.

Latest articles

Aembit Announces Speaker Lineup for the Inaugural NHIcon

Aembit, the non-human identity and access management (IAM) company, unveiled the full agenda for...

Sweet Security Introduces Patent-Pending LLM-Powered Detection Engine, Reducing Cloud Detection Noise to 0.04%

Sweet Security, a leader in cloud runtime detection and response, today announced the launch...

ShadowSyndicate Hackers Added RansomHub Ransomware to their Arsenal

ShadowSyndicate is a prolific threat actor that has been active since July 2022, collaborated...

5,000 WordPress Sites Hacked in New WP3.XYZ Malware Attack

Widespread malware campaigns detected by side crawlers exploit vulnerabilities on multiple websites where the...

API Security Webinar

72 Hours to Audit-Ready API Security

APIs present a unique challenge in this landscape, as risk assessment and mitigation are often hindered by incomplete API inventories and insufficient documentation.

Join Vivek Gopalan, VP of Products at Indusface, in this insightful webinar as he unveils a practical framework for discovering, assessing, and addressing open API vulnerabilities within just 72 hours.

Discussion points

API Discovery: Techniques to identify and map your public APIs comprehensively.
Vulnerability Scanning: Best practices for API vulnerability analysis and penetration testing.
Clean Reporting: Steps to generate a clean, audit-ready vulnerability report within 72 hours.

More like this

Is this Website Safe: How to Check Website Safety – 2025

is this website safe? In this digital world, Check a website is safe is...

Firefox 133.0 Released with Multiple Security Updates – What’s New!

Mozilla has officially launched Firefox 133.0, offering enhanced features, significant performance improvements, and critical...

Chinese Hackers Attacking Microsoft Customers With Sophisticated Password Spray Attacks

Researchers have identified a network of compromised devices, CovertNetwork-1658, used by Chinese threat actors...