The Real Reasons Hackers Steal Your Password

While it is important to know the risks of reusing weak passwords across multiple accounts, it is equally crucial to be able to understand just how hackers are able to steal this information. By understanding the process, you can take preventative measures to ensure that your information and even your corporate networks are never compromised at the fault of poor password management. 

The following common methods for password hacking are important to keep in mind to ensure that your information is secure. 

  1. Login credentials - In 2016 alone, over 3 billion credentials were stolen from a variety of companies - both large and small in size - that compromised the passwords of the users.

  2. Phishing scams and social engineering attacks - Hackers send phishing emails in an attempt to have the recipient click a malicious link that prompts entering credentials on a false site. Many businesses have begun sending fake phishing emails out to their employees in an attempt to raise awareness about this strategy.

  3. Malware and ad injectors - Scammers have come up with a multitude of methods to try and trick people into downloading malware programs onto their computers that will essentially capture login credentials and other private information. These ad injectors come in a variety of shapes, sizes, and severities.  

  4. Password attacks - A number of automated software programs have been created that will attempt to crack or guess passwords.

  5. WiFi monitoring - Public WiFi connections that are not protected by VPN software are often victims of networking monitoring tools that can easily intercept personal data such as login credentials.

With any of these methods, hackers often use the stolen information to sell your credentials, or possibly even use your information for illegal activities such as identity theft or fraud. 

The most common result of these hacking processes is credential stuffing. This process is the use of automation to test out usernames and passwords that have been taken from one platform, and testing them out on other websites in an attempt to take on a large set of accounts. These attacks can take place in just a matter of hours.

With all of these techniques in mind, and an idea of the consequences, it’s important to secure all of your accounts. Refrain from reusing passwords and from using simplified passwords in the first place. Using a password manager - especially in a corporate setting where multiple users are involved - is a surefire way to keep all of your login credentials encrypted and secure in one simplified place.

Find out more about FORTR3SS, and see how we can help protect your information today!