The $10 Cyber Threat Responsible for the Biggest Breaches of 2024
Jan 16, 2025Identity Protection / SaaS Security
You can tell the story of the current state of stolen credential-based attacks in three numbers: Stolen credentials were the #1 attacker action in 2023/24, and the breach vector for 80% of web app attacks . (Source: Verizon). Cybersecurity budgets grew again in 2024, with organizations now spending almost $1,100 per user (Source: Forrester). Stolen credentials on criminal forums cost as little as $10 (Source: Verizon). Something doesn't add up. So, what's going on? In this article, we'll cover: What's contributing to the huge rise in account compromises linked to stolen creds and why existing approaches aren't working. The world of murky intelligence on stolen credentials, and how to cut through the noise to find the true positives. Recommendations for security teams to stop attackers from using stolen creds to achieve account takeover. Stolen credential-based attacks are on the rise There's clear evidence that identity attacks are now the #1 cyber threat f...