This alert may not be shared outside your organization, Do Not Repost or send, place on other websites, List servers, or send to others via email, including other associations or parties. Members and Law enforcement use only. Contact us for any permissions. To do otherwise will result in the loss of membership.
Complete Story
05/07/2018
Credential abuse: How real is the problem?
Financial Express
While this is a prevalent problem, what many organisations don’t realise is that credential abuse and account checkers may actually outnumber legitimate login attempts by a factor of greater than four to one. Hospitality and e-retail industries are probably the most coveted target of these attacks. With 82% of login attempts stemming from malicious botnets, the hospitality industry became the biggest target of fraudulent credential attacks. A report by PwC found that retail customers witnessed the attacks on their website go up by over 30%. As retail e-commerce grows at a CAGR of 26%, it makes India one of the fastest growing e-commerce markets worldwide, thereby also indicating the potential increase in credential attacks.
Alerts
The FRPA alert system distinguishes us from other groups by gathering and providing information to law enforcement, retailers AND financial institutions.
more informationResources
Your electronic library to help in fighting financial fraud for all of our partners.
more information