FYI: Hackers Account For 90% of Login Attempts At Online Retailers

Hackers account for 90% of of e-commerce sites’ global login traffic, according to a report by cyber security firm Shape Security.
Hackers reportedly use programs to apply stolen data acquired on the dark web — all in an effort to login to websites and grab something of value like cash, airline points, or merchandise.
These attacks are successful as often as 3% of the time, and the costs quickly add up for businesses, Shape says. This type of fraud costs the e-commerce sector about $6 billion a year, while the consumer banking industry loses out on about $1.7 billion annually. The hotel and airline businesses are also major targets — the theft of loyalty points is a thing — costing a combined $700 million every year.

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