Thursday, July 19, 2018

Hackers account for 90% of login attempts at online retailers

Quartz
Selling stolen personal data is a big business for hackers: Somewhere on the dark web, your e-mail address and a few passwords are probably for sale (hopefully, old ones). Cyber criminals buy troves of this information to try to login to websites where they can grab something valuable like cash, airline points, or merchandise like expensive cheese. Yes, cheese.

Online retailers are hit the most by these attacks, according to a report by cyber security firm Shape Security. Hackers use programs to apply stolen data in a flood of login attempts, called “credential stuffing.” These days, more than 90% of e-commerce sites’ global login traffic comes from these attacks. . . . more