02/11/2021

SpyCloud Reveals Nearly 26 Million Employee Credentials at Fortune 1000 Companies are Readily Available to Cybercriminals

Cision PRR Newswire

AUSTIN, Texas, Feb. 9, 2021 /PRNewswire/ -- SpyCloud, known for its unique anti-fraud platform powering account takeover prevention and fraud investigations solutions, today revealed its 2021 report on password vulnerability at Fortune 1000 companies. Researchers from SpyCloud uncovered 25.9 million business account credentials and over 543 million breach assets tied to employees in the Fortune 1000 are readily available on the criminal underground.

"Year after year, studies show that the use of weak and stolen credentials is the most common hacking tactic for cybercriminals, yet 76 percent of employees at the world's largest companies are still reusing passwords across personal and professional accounts," said Chip Witt, vice president of product management for SpyCloud. "People don't seem to realize just how often their credentials end up in criminal hands or how stolen passwords can be used to access other accounts they think are safe."

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