With rapid rate of evolution within technology, why are we still using passwords? The answer lies in the simple, positive attributes of passwords that are not found in other authentication methods: affordable, easy to replace, universally compatibility, privacy safe and no false positive. This closer look highlights the gaps in other methods that will make it hard to get past the password.
Hackers are actively targeting those 3rd party sellers using stolen and compromised credentials (a password and user name combo) to gain access to the seller’s accounts, costing them tens of thousands of dollars.
Back in August, a hacker named peace_of_mind claimed to be selling a database containing credentials for 200 million Yahoo accounts.
At the time Yahoo indicated they were investigating the matter, but could not confirm.
Today, Yahoo confirmed that 500 million accounts were compromised in what we believe is the largest known data breach in history.