Automated attacks are proliferating against organizations around the globe. As the cost and investment of launching these attacks continues to plummet, companies are increasingly experiencing credential stuffing attacks that can lead to account takeover and fraud.
Attackers leverage automation and bots in an attempt to access and take over user accounts to extract monetary value, but they also may be using them for other purposes such as validating gift cards or scraping important company data such as inventory or pricing.
Some companies believe multi-factor authentication (MFA) will stop the attacks, but it’s not an ideal solution. Cybercriminals can still access accounts with a credential stuffing attack and gain MFA tokens using phishing, vishing, or other social engineering techniques.
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