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Financial Institutions Battle Credential Stuffing Bots

Credential stuffing is creating a bigger problem for financial organizations as hackers use bots to break into systems.

By Roy Urrico | Updated on August 03, 2017

The reality of breaches is the amount of information available on the dark web. In 2016, hackers stole some three billion credentials, some of which they use in account takeovers.

The big security threat called credential stuffing is the use of automated means to test stolen logins/passwords en masse against other websites. The practice isn’t new, but new sophisticated instruments are helping to fuel its growth.

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Roy Urrico

Roy Urrico

Roy W. Urrico specializes in articles about financial technology and services for Credit Union Times, as well as ghostwriting, copywriting, and case studies. Also: writer/editor of a semi-annual newsletter for Association for Financial Technology since 1997 and history projects funded by the U.S Interior Department, National Park Service and Warren County (N.Y.).

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