Increase in stolen identity records fuels cybercrime

A new report from SpyCloud highlights a 22 percent increase in stolen identity records since 2023. These identity records, consisting of harvested employee, consumer, and supply chain data, are the fuel that power cyberattacks like ransomware, account takeover, and fraud with nearly 80 percent of breaches last year involving the use of stolen credentials. 'Traditional security models focus on an isolated exposure data point, like a single stolen password or breached email, without accounting for the full picture of an individual's digital footprint and other potential exposures,' says Damon Fleury, chief product officer at SpyCloud. 'But modern threats are far… [Continue Reading]