- Credential theft is when fake webpages are created that look real for the sole purpose of stealing logins and passwords to access legitimate accounts.
- The top targeted companies for phishing scams from credential theft include Paypal with 11,000 fake login pages, Microsoft with 9,500 fake pages, and Facebook 7,500 fake pages.
- To prevent falling victim to a credential theft attack, consumers should not click on any links unless they know they are legitimate, double-check the email address of the sender, and change their password if they believe they used a fake login page.
- For more information about the latest data breaches, consumers and businesses should visit the Identity Theft Resource Center’s (ITRC) new data breach tracking tool, notifiedTM.
- Victims of identity theft can contact the ITRC toll-free at 888.400.5530, or by using the live-chat function on the website.
Credential stuffing is a term consumers often hear from cybersecurity experts. Credential stuffing is a type of cyber attack where stolen credentials, like usernames and passwords, are used to gain access to other accounts that share the same credentials. There is another term not heard as much, but just as prevalent: credential theft.
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Every week the Identity Theft Resource Center (ITRC) takes a look at the most interesting data compromises from the last week in our Weekly Breach Breakdown podcast. This week, we are talking about creating fake websites that look real for the sole purpose of stealing logins and passwords used to access legitimate accounts. We will look at how security researchers found tens of thousands of fake website login pages that are used to collect credentials from consumers.
To commit a credential stuffing attack, a hacker must have credentials. Where do data thieves get the logins and passwords needed to fuel these attacks? The most obvious way is through data breaches everyone has seen over the years, where millions of credentials are stolen in a mass attack. However, there are less obvious ways, too. One of those less obvious ways is credential theft.
Earlier in 2020, security company IRONSCALES began to look for a specific kind of webpage; fake login pages that look like they could come from real companies. From January until June, IRONSCALES found more than 50,000 phony login pages from more than 200 recognizable brands with a high volume of web traffic.
These fake login pages are used in phishing emails as a way of getting people to click on what they think is a legitimate login page. Most people cannot tell the login page is fake, leading unsuspecting victims to enter their real login and passwords into a fake webpage. That is all it takes for data thieves to have actual credentials from live accounts. They do not even have to buy or steal any data.
Top Targets for Phishing Scams
Anyone reading this blog might be wondering if they have ever clicked on an email link connected to an account. If they have, was it a real login page?
IRONSCALES reports that PayPal is the top target for phishing scams, with more than 11,000 fake login pages spoofing the brand. Microsoft is not far behind with 9,500 phony login pages. The list continues with Facebook with 7,500, eBay with 3,000 and Amazon with 1,500 known fake login pages. Other commonly spoofed brands include Adobe, Aetna, Apple, Alibaba, Delta Air Lines, JP Morgan Chase and Wells Fargo.
All of these companies have people who do nothing but seek and shut-down these and other kinds of fake webpages, websites, social media accounts and text messages that are used to collect personal information from their legitimate customers and prospects. However, research shows that credential theft is easy for a couple of reasons. The first is because malicious phishing emails that deliver fake login pages can easily bypass cybersecurity tools and spam filters just by making small changes in the email.
The second reason is because of inattentional blindness; when something looks so familiar or causes you to focus so intently that you don’t see the apparent errors hiding in plain sight. An example of inattentional blindness comes from a study where people were told to watch a video to count the number of people wearing white jerseys as they passed a ball. More than 50 percent of people taking the test missed the fact that one of the players was wearing a gorilla suit.
How Inattentional Blindness Applies to Identity Theft
Credential theft attacks translate into the inability to spot the tell-tale signs of a phishing scheme, even among trained cybersecurity and fraud professionals. What should people do if they encounter what they believe is a phishing attack?
1. Don’t click on any links unless you are sure they are legitimate. When in doubt, navigate directly to the website or webpage you are trying to reach instead of using a link.
2. If the link arrives in an email, double-check the address of the sender. An email address can be masked to make it look legitimate in the sender line. However, if you click on the sender’s name to see the actual address, you may find the email from mybank.com is actually from bob@scams-r-us. Get into the habit of checking email addresses.
3. If you believe you used a fake login page, change your passwords and alert the security team at the company whose login page has been spoofed as soon as possible. While changing your password, consider switching to a 12-character passphrase with upper and lower case letters. It will take an automated hacker tool 300 years to break that passphrase, as well as be easier to remember.
For more information about the latest data breaches, consumers and businesses should visit the ITRC’s new data breach tracking tool, notified. It is updated daily and free to consumers. Organizations that need comprehensive breach information for business planning or due diligence can access as many as 90 data points through one of the three paid notified subscriptions. Subscriptions help ensure the ITRC’s identity crime services stay free.
Contact the ITRC
If you believe you are the victim of an identity crime, or your identity has been compromised in a data breach, you can speak with an ITRC expert advisor by calling toll-free at 888.400.5530, or on the website via live-chat. Finally, victims of a data breach can download the free ID Theft Help app to access advisors, resources, a case log and much more.
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