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Web Forums, Social Media Targets for Credentials

July 18, 2018 / Kacy Zurkus

Web forums were the greatest targets for credential spills during 2017, which saw more than 2.3 billion credentials from 51 different organizations reportedly stolen, according to a new report from Shape Security. Of those 51 different organizations, companies providing online services contributed the largest number of compromised credentials, with over 2 billion credential spills. In total, the criminal enterprise is costing US businesses over $5bn a year. The report, released today, studied the life cycle of stolen credentials, taking a holistic, behind-the-scenes look at the extent to which credentials can be monetized and weaponized long after a breach occurs. Because web forums serve as hyper-specialized communities of online users, they tend to have lower membership and thus a smaller collection of credentials. “However, they are easy targets for credential spills because many are volunteer-run and lack a corporate security or IT function," the report stated. While web...