In 2023/24, stolen credentials emerged as the leading action taken by attackers, accounting for 80% of web application breaches, highlighting a growing threat landscape.
Despite organizations increasing cybersecurity budgets to nearly $1,100 per user in 2024, the prevalence of stolen credentials costing as little as $10 on forums presents a troubling imbalance.
The massive breach targeting 165 Snowflake users illustrates the widespread impact of stolen credentials, affecting millions and demonstrating that lacking multifactor authentication dramatically increases vulnerability.
Security teams face challenges in addressing the increasing account takeover risks as traditional defensive strategies fall short against the evolving threat posed by stolen credentials.
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