Through our July study, we found that nearly half of surveyed US consumers admitted to reusing passwords across multiple websites. This is a cyber threat to companies, as credentials from prior breaches can be used by criminals to access accounts on otherwise secure shopping, banking and credit card sites. In response to this emerging threat during the holidays, 4iQ will be offering free cyber monitoring service and trial for eCommerce and financial services companies.
In 2017, we saw a 182% increase in identity records discovered by our team compared with the year prior, and by June this year, the number of total exposed consumer records had nearly doubled from 12.4 million to about 22.5 million,” said Julio Casal, 4iQ Founder & Chief Technology Officer. “Last year’s holiday season was acknowledged industry-wide as the worst ever in terms of account takeover, and we can only expect this year will top that.