Protecting yourself from cyber attackers is similar to protecting your home from burglars. You need to have an excellent security system in place to ensure that they do not get into your home and steal your valuables.
Your data, including your PII and credit card information, is valuable and can be used by malicious individuals in criminal activities. It is, therefore, crucial to ensure that you use strong passwords and do not reuse them. Bear in mind that attackers can also compromise your mobile applications using a variety of cyberattacks. One of these is credential stuffing.
What is Credential Stuffing?
Credential stuffing refers to a type of cyber-attacks where attackers purchase login details for a particular website and then use a bot to try to log into user accounts. They use bots to automate and increase the scale of the attack. A credential stuffing attack can compromise all the customer data on mobile applications. An example is the credential stuffing attack on the Npower App. The company had to take down its app after hackers gained access and stole their customer information.
Depending on the type of application that hackers gain access to, they can get your medical information, financial details, personal information, and other sensitive data. They can use this information to steal your identity and open other utilities. Identity thieves can also use your credit card information to buy virtual items on gaming sites or actual items in online stores. If cybercriminals have your banking information, they can use it to drain your accounts.
This data can also be sold online to other fraudulent individuals who will use it in their activities. After gaining access to your mobile app account, cybercriminals can sell account information as verified at a high price. It is clear that there is a lot that attackers can gain from credit stuffing, and companies and individuals must ensure that they protect their data.
Stolen Information Statistics
Bear in mind that more than 15 billion stolen credentials are circulating on the web, and more than 80% of all data leaks are usually emails and passwords. With such a large amount of account information available to hackers, they can easily hack your account or the accounts of your mobile app users. Out of every 3 data breach victims, one is likely to become the victim of identity theft. Identity thieves can use your PII in illegal activities, empty your bank accounts, register credit cards and run up huge bills.
Remember that credential stuffing results in hackers taking over your account and using it to engage in many fraudulent activities. It is important to note that there has been an increase in phishing attacks, with thousands of fake online pages meant to collect customer information. Improving mobile app cybersecurity can go a long way in preventing attackers from gaining access to your mobile applications.
Signs of Credential stuffing on mobile applications
Businesses and customers must watch out for the following indicators of credential stuffing.
Companies should watch for increased activity from one IP address. If there are many login attempts or account activity, that is a red flag for credential stuffing attacks. Remember, credential stuffing attackers do not know the specific accounts the information is for, so they are guessing. That means companies can use screening techniques to identify a suspicious spike in activity.
Users are Unable to Access Their Accounts
When attackers succeed in credential stuffing, they can take over the account and change the login information. As a user, you will have problems logging into your account. If you have not changed your password recently, you might be the victim of credential stuffing on mobile applications.
Locked Account Due To Too Many Login Attempts
Victims of credential stuffing will get an error message when they try to login into their mobile apps, informing them that the account has been locked due to too many login attempts. As mentioned above, the bot is “guessing” and will try several passwords and emails. Companies flag these attempts and lock the account to prevent further attempts.
Users may notice that charges have been made on the debit or credit cards they use in online accounts. If, for instance, you see purchases of virtual gaming items that you did not make, then you may be the victim of a credential stuffing attack.
Many Login Attempts From Suspicious Ips And Geographical Locations
Companies should ensure that they screen login attempts to check for suspicious activity. If you notice logins from places that the company does not serve or strange IP addresses, you may be under attack. For instance, when an app generally used in South American countries has many login attempts from Asia, a hack is probably in progress.
Effects of Credential Stuffing
Here are some of the effects of credit stuffing on mobile applications on the company.
- Increases Security costs
The company may end up with higher security costs which will strain it. These increased costs will hurt company revenue.
- Lead to Downtime
After a credit stuffing attack, the company will need to take the app offline, which will result in reduced revenue and loss of current and prospective customers.
- Clean-up Costs
The cost of clean-up after an attack can bring down the company. As noted above, Npower, for instance, had to shut down its mobile app after a credential stuffing attack.
- Loss of Credibility
Customers will not trust your company after an attack as they do not feel that the company is doing enough to protect their personal information. Prospective app users will change their minds while existing users will cancel their memberships.
How To Prevent Credit Stuffing Attacks
Companies should ensure that they have screening software installed for their mobile apps to ensure they catch stuffing attempts early. Customers should use strong passwords and avoid reusing them on several mobile applications.
Most people use mobile apps to access the internet for shopping, healthcare, and banking needs. It is crucial to ensure that you use strong passwords on all your applications. Mobile application companies should ensure that they have excellent security protocols for their mobile apps to ensure that attackers do not access them.