You are here: Home » News-IANS » Business-Economy
Business Standard

Over 30 bn malicious login attempts detected under 1 year: Akamai

Topics
Technology Internet

IANS  |  Bengaluru 

Cloud delivery network provider Akamai Technologies on Thursday said it detected 30 billion malicious login attempts globally during a period of eight-months ending in June 2018.

The financial services industry bears the major burden of such attacks, according to a new report titled "Akamai 2018 State of the Internet/Security Credential Stuffing Attacks".

Malicious login attempts result from credential stuffing, where hackers systematically use botnets to try stolen login information across the web.

They target login pages for banks and retailers on the premise that many customers use the same login credentials for multiple services and accounts.

Credential stuffing can cost organisations millions to tens of millions of dollars in fraud losses annually.

"Our research shows that the people carrying out credential stuffing attacks are continuously evolving their arsenal. They vary their methodologies, from noisier, volume-based attacks, through stealth-like 'low and slow'-style attacks," Martin McKeay, Senior Security Advocate at Akamai who is also the lead author of the report said in a statement.

"It's especially alarming when we see multiple attacks simultaneously affecting a single target. Without specific expertise and tools needed to defend against these blended, multi-headed campaigns, organisations can easily miss some of the most dangerous credential attacks," McKeay added.

The Akamai report combines attack data from across Akamai's global infrastructure and represents the research of a diverse set of teams throughout the company.

--IANS

gb/sed

(This story has not been edited by Business Standard staff and is auto-generated from a syndicated feed.)

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Thu, September 20 2018. 14:28 IST
RECOMMENDED FOR YOU
RECOMMENDED FOR YOU