
Akamai Threat Research: Phishing and Credential Stuffing Attacks Remain Top Threat to Financial Services Organizations and Customers Latest State of The Internet / Security Report Observes 3.5 Billion Malicious Login Attempts Targeting the Financial Services Sector; Illustrates Akamai's Unique Threat Visibility
Cambridge, MA | July 31, 2019
Newly released data from Akamai's 2019 State of the Internet / Security Financial Services Attack Economy Report has found that 50% of all unique organizations impacted by observed phishing domains were from the financial services sector. The data shows that, in addition to unique phishing attempts, adversaries also leveraged credential stuffing attacks to the tune of 3.5 billion attempts during an 18-month period, putting the personal data and banking information of financial services customers at risk.
The report indicates that between December 2, 2018 and May 4, 2019, nearly 200,000 (197,524 to be exact) phishing domains were discovered, and of those domains, 66% targeted consumers directly. When taking the phishing domains targeting consumers only into consideration, 50% of those targeted companies in the financial services industry.
We've seen a steady rise in credential stuffing attacks over the past year, fed in part by a growth in phishing attacks against consumers, said Martin McKeay, Security Researcher at Akamai and Editorial Director of the State of the Internet / Security Report. Criminals supplement existing stolen credential data through phishing, and then one way they make money is by hijacking accounts or reselling the lists they create. We're seeing a whole economy developing to target financial services organizations and their consumers.
Once criminals have succeeded in their schemes, they need to process their ill-gotten data and funds. As Akamais report highlights, one method of dealing with this situation centers on bank drops' - packages of data that can be used to fraudulently open accounts at a given financial institution. Bank drops will typically include a persons stolen identity - often called fullz by criminals online, including name, address, date of birth, Social Security details, drivers license information, and credit score. Secure access to the fraudulent accounts comes via remote desktop servers, which are matched to the geographic location of the bank and the fullz.
Financial institutions continue to investigate the ways in which criminals are opening these drop accounts, and are working diligently to stay ahead of the curve. What most businesses don't realize, however, is that criminals are recycling old attack methods.
Akamai's findings revealed that 94% of observed attacks against the financial services sector came from one of four methods: SQL Injection (SQLi), Local File Inclusion (LFI), Cross-Site Scripting (XSS), and OGNL Java Injection (which accounted for more than 8 million attempts during this reporting period). OGNL Java Injection, made famous due to the Apache Struts vulnerability, continues to be used by attackers years after patches have been issued.
In the financial services industry, criminals have also started launching DDoS attacks as a distraction to conduct credential stuffing attacks or to exploit a web-based vulnerability. Over the course of 18 months, Akamai uncovered more than 800 DDoS attacks against the financial services industry alone.
Attackers are targeting financial services organizations at their weak points: the consumer, web applications and availability, because that's what works, said McKeay. Businesses are becoming better at detecting and defending against these attacks, but point defenses are bound to fail. It requires being able to detect, analyze, and defend against an intelligent criminal who's using multiple different types of tools for a business to protect its customers. For more than twenty years, Akamai has been leveraging its unique visibility into the full spectrum of attacks to help protect customers from these types of ever-evolving nefarious activities.
The criminal economy thrives, in part, because they target the financial services industry. By targeting banks for example, criminals attempt to steal sensitive data, and then turn around and use that same data to open fake accounts and lines of credit. Its a continuous cycle of crime. There is a deep level of irony in the fact that criminals are targeting the very industry they need to survive. While financial institutions are becoming better at detecting these attacks, adversaries continue to find success with old tricks, and that's a problem.
The Akamai 2019 State of the Internet / Security Report is available for download here. For additional information where the security community can access, engage with, and learn from Akamai's threat researchers and the insight that the Akamai Intelligent Edge Platform affords into the evolving threat landscape, visit Akamai's Threat Research Hub.
About Akamai Akamai secures and delivers digital experiences for the world's largest companies. Akamai's intelligent edge platform surrounds everything, from the enterprise to the cloud, so customers and their businesses can be fast, smart, and secure. Top brands globally rely on Akamai to help them realize competitive advantage through agile solutions that extend the power of their multi-cloud architectures. Akamai keeps decisions, apps and experiences closer to users than anyone - and attacks and threats far away. Akamai's portfolio of edge security, web and mobile performance, enterprise access and video delivery solutions is supported by unmatched customer service, analytics and 24/7/365 monitoring. To learn why the world's top brands trust Akamai, visit www.akamai.com, blogs.akamai.com, or @Akamai on Twitter. You can find our global co
Most recent headlines
05/01/2027
Worlds first 802.15.4ab-UWB chip verified by Calterah and Rohde & Schwarz to be ...
04/08/2026
Dalet, a leading technology and service provider for media-rich organizations, t...
04/07/2026
April 7 2026, 19:00 (PDT) Detective Conan: Fallen Angel of the Highway Opens in...
10/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Kiswe announces an expanded long-term partnership with ONE Championship (ONE), t...
09/06/2026
SiriusXM will broadcast FOX Sports' English-language commentary for all 104 FIFA World Cup 2026 matches from June 11 through July 19, available to subscribe...
09/06/2026
EVS has announced it is changing its corporate name from EVS Broadcast Equipment to EVS, reflecting the company's expanded portfolio beyond broadcast equipm...
09/06/2026
Fox Corporation and the NFL have announced a multi-year agreement to bring NFL c...
09/06/2026
FOX Sports and ReachTV, an airport media network, have announced an agreement to...
09/06/2026
Cosm Atlanta, a 70,000-square-foot, three-level immersive entertainment venue located within Centennial Yards adjacent to State Farm Arena and Mercedes-Benz Sta...
09/06/2026
NESN captured five awards at the 2026 Boston/New England Emmy Awards, including four program honors and one individual award.
These awards reflect the passion...
09/06/2026
Ateme has announced that its support for Apple Immersive Video workflows was referenced by Apple during its 2026 Worldwide Developers Conference (WWDC26).
Atem...
09/06/2026
Bitmovin has announced that Axel Springer SE has deployed Player Web X, Bitmovin's web video player, to power audio readouts of news articles and an audio-o...
09/06/2026
Grass Valley and Lawo have announced a technology collaboration to validate orch...
09/06/2026
LiveU has announced a deployment with the Oceania Football Confederation (OFC) t...
09/06/2026
Globecast has announced the launch of its Content Exchange platform, powered by ...
09/06/2026
NBC Sports will present live coverage of Overtime's OT7 football league Championship Weekend from Sullivan Field at Loyola Marymount University in Los Angel...
09/06/2026
We're in three different locations, three different production teams. Coveri...
09/06/2026
The intro video for Men's Basketball won Outstanding In-Venue Video in the C...
09/06/2026
Today is match day minus two for FIFA and HBS. On Thursday, there will be two ma...
09/06/2026
Since their debut, the clock-and-score graphic has drawn the affinity and ire of...
09/06/2026
Last month, Spotify hosted PURE FLOWERS LIVE, a special event celebrating the re...
09/06/2026
Last month, RADAR U.K. artist Skye Newman took the stage in East London for a sp...
09/06/2026
Company to cease operating on 30 June 2026
Australian loudspeaker and amplifier manufacturer Wayne Jones Audio have announced that after much consideration,...
09/06/2026
Increases low-end weight and character
The latest plug-in release from Sheffield-based fedDSP aims to offer an all-in-one solution for users in search of mo...
09/06/2026
Introduces AI Studio Assistant, Moises Studio integration & more
Fender Studio have just announced the launch a significant update that brings an array of n...
09/06/2026
The National Film and Video Foundation (NFVF) is a statutory body mandated to spearhead the equitable growth and development of the South African film and video...
09/06/2026
The BBC has found its Hercule Poirot.
After Deadline revealed last month that t...
09/06/2026
Media buyers and sellers can now compare YouTube reach from computer, mobile, an...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
A project aimed at modernizing scheduling operations across Mediaset's channel portfolio
Mediagenix, a global leader in smart content solutions to profitab...
09/06/2026
tvONE, an ACT Entertainment brand, debuts its most powerful video processor ever built: the 4RU CALICO PRO (C7-PRO-4200), at InfoComm 2026 (Booth N6813). Engine...
09/06/2026
Composer and Conductor Eric Whitacre to Receive Honorary Doctorate at Berklee Va...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Technology collaboration to validate AMPP and Lawo HOME orchestration integration, showcasing Dynamic Media Facility principles in practice.
Grass Valley and ...
09/06/2026
Bitmovin, a leading provider of video streaming solutions, today announced that Axel Springer SE, international media and technology company, has deployed Playe...
09/06/2026
LiveU, the global leader in live IP-video solutions, today announced a landmark deployment with the Oceania Football Confederation (OFC) that has brought Video ...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
09/06/2026
Two Alumni Win Tony Awards Mike Morris and Cedric Leiba Jr. won awards for Best Orchestrations and Best Play, respectively.
June 8, 2026
By
Tori Donahue
...
09/06/2026
NVIDIA GPUs with Confidential Computing are now used for confidential inference in Apple's Private Cloud Compute (PCC), as it expands beyond Apple's dat...
09/06/2026
X-Rite Pantone Launches Offset360 to Modernize Color Control Across Existing Pre...
09/06/2026
09 Jun 2026
VEON Appoints Serkan Ozturk as Chief of Staff & Strategy Officer Dubai and New York, June 9, 2026 - VEON Ltd. (NASDAQ: VEON), a global digital oper...
09/06/2026
Tuesday 9 June 2026
Katie Price: Nothing to Hide, a candid and unfiltered accou...