Sharp rise seen in attacks using stolen credentials

Organizations are seeing a sharp increase in attacks using stolen account credentials, with crooks using new techniques to beat fraud detection systems, according to Gartner.

Gartner clients have reported a “significant rise” over the last two months in the use of stolen credentials to access accounts, wrote fraud expert Avivah Litan in a blog post Thursday.

The hackers are trying to access systems related to credit cards and financial data, digital currency, travel rewards and high-end fashion — “anything and everything that has monetary or resale value,” Litan wrote.

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