Financial services firms smashed.
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Credential stuffing jumped by 45 per cent in one year. Photo: Shutterstock
Banks, investment firms and other financial services and insurance (FSI) companies suffered from a massive boost in cybercriminals’ attention during 2020, according to a new analysis that identified 3.4 billion credential-stuffing attacks targeted at FSI firms alone.
That included a 45 per cent year-on-year jump in credential stuffing – in which cybercriminals use stolen login credentials to access key business applications – and saw FSI companies copping up to 47.7 million credential-stuffing attacks in a single day.
“We saw an overall increase in every single area of our coverage with customers,” Akamai APJ head of security technology and strategy Fernando Serto told