In a study that ran from March 2016 to March 2017, researchers from Google, the University of California, Berkeley and the International Computer Science Institute discovered that data breaches were the No. 1 way to steal users’ account credentials. Far behind them were phishing and keyloggers.
Damage Caused By Stolen Credentials
Google said that users' online security often depends primarily on their email password. Once that email password is obtained, attackers can then recover the victim’s passwords from a multitude of other online services for which they had an account. Then, the attacker can download the victim’s private data, remotely wipe backups, or impersonate the victim to send spam, or worse.
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