Stolen credentials increasingly empower the cybercrime underground

The cybercrime underground has long functioned as an open market where sellers of products and services are paired with buyers and contractors. One of the most valuable commodities on this market are stolen credentials since they can provide attackers with access into networks, databases, and other assets owned by organizations. It’s no surprise to see cybercriminals focused on this valuable commodity.

“Last year, 4,518 data breaches were reported,” researchers from Flashpoint said in a new report. “Threat actors exposed or stole 22.62 billion credentials and personal records, ranging from account and financial information to emails and Social Security numbers.” Over 60% of these credentials and other details were stolen from organizations in the information sector, and these organizations generally host data for clients from many other industries.

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