Wave Systems Corp. (fka WAVXQ)

[Genz2]

FBI says credential stuffing attacks are behind some recent bank hacks

https://www.zdnet.com/article/fbi-says-credential-stuffing-attacks-are-behind-some-recent-bank-hacks/

The FBI is raising a sign of alarm about the rising number of credential stuffing attacks targeting financial institutions.

The FBI has sent a private security alert to the US financial sector last week warning organizations about the increasing number of credential stuffing attacks that have targeted their networks and have led to breaches and considerable financial losses.

Credential stuffing is a relatively new term in the cyber-security industry.

It refers to a type of automated attack where hackers take collections of usernames and passwords that leaked online via data breaches at other companies and try them against accounts at other online services.

These attacks aim to identify accounts where users reused passwords and then gain unauthorized access over the user's profile and attached resources.

Credential stuffing attacks weren't always an issue, but they became one in the late 2010s after hackers leaked billions of usernames and password combinations from hundreds of companies over the past five years.

Please see the link above for the rest of the article.
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https://www.wavesys.com/buzz/pr/wave-knowd-introduces-new-model-internet-authentication-without-passwords

Wave Knowd Introduces New Model for Internet Authentication Without Passwords

Knowd ‘Trust Score’ Assures User Identity when Accessing Web Services
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If the public only had the opportunity to use 'no passwords' with an authentication solution that is simple and secure, Wave knowd, we wouldn't be talking anywhere near 50,000 (see article) account compromises.

A technology as great as Wave knowd could be benefiting banks, other organizations as well, and its customers in a BIG WAY!!! The first article would be a thing of the past!!!
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