Cloud delivery network provider Akamai Technologies has detected 30 billion malicious login attempts globally during a period of eight-months ending in June 2018, the company has said in a new report.
In the report titled "Akamai 2018 State of the Internet/Security Credential Stuffing Attacks", the company said it detected around 3.2 billion malicious logins per month from January through April 2018, and over 8.3 billion malicious login attempts from bots in May and June 2018.
The financial services industry bears the major burden of such attacks. The report combines attack data from across Akamai's global infrastr. cture and represents the research of a diverse set of teams throughout the company.
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.
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