Intelligent CIO Middle East Issue 64 | Page 25

TRENDING

CREDENTIAL SPILL INCIDENTS DOUBLE AS HACKER SOPHISTICATION CONTINUES TO RISE

The latest F5 Credential Stuffing Report has revealed that credential spill incidents have doubled between 2016 to 2020 . Sander Vinberg , Threat Research Evangelist , F5 Labs and Report Co-Author has urged organisations to remain vigilant .

The number of annual credential spill incidents

nearly doubled from 2016 to 2020 , according to F5 ’ s latest Credential Stuffing Report .
Released recently , the most comprehensive research initiative of its kind reported a 46 % downturn in the volume of spilled credentials during the same period . The average spill size also declined , falling from 63 million records in 2016 to 17 million last year . Meanwhile , the 2020 median spill size ( 2 million records ) represented a 234 % increase over 2019 and was the highest since 2016 ( 275 million ).
Credential stuffing , which involves the exploitation of large volumes of compromised username and / or email and password pairs , is a growing global problem . As a directional case in point , a Private Industry Notification issued by the FBI last year
F5 found that most fuzzing attacks occurred prior to the public release of the compromised credentials , which suggests that the practice is more common among sophisticated attackers .
warned that the threat accounted for the greatest volume of security incidents against the US financial sector between 2017 and 2020 ( 41 %).
“ Attackers have been collecting billions of credentials for years . Credential spills are like an oil spill , once leaked , they are very hard to clean up because
www . intelligentcio . com INTELLIGENTCIO MIDDLE EAST 25