
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...
01/06/2026
January 6 2026, 05:30 (PST) Dolby Sets the New Standard for Premium Entertainment at CES 2026
Throughout the week, Dolby brings to life the latest innovatio...
08/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
08/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
08/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
08/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
08/05/2026
Liberty University on why broadcast technology isn't just a technical invest...
08/05/2026
COW Jobs: UGC, On-Camera Video Content
Brie Clayton May 7, 2026
0 Comments
UGC, On-Camera Video Content
April 17, 2026Documentary Editor - US,......
07/05/2026
Journalists reporting on Sudan are working in one of the most complex and fast-m...
07/05/2026
Multi-year partnership positions Victory+ as a free home for Dallas Cowboys orig...
07/05/2026
From sideline reporting to directing and producing, the talented sophomore is building a well-rounded foundation for a career in live sports production
In the ...
07/05/2026
Cobalt Digital has received two Future Best of Show awards at NAB Show 2026. The COBALT blueCORE platform was recognized by TV Tech, and the COBALT PACIFIC ULL-...
07/05/2026
ESPN analyst Mina Kimes will host the televised semifinals and finals of the 202...
07/05/2026
Bitmovin has announced that MUBI, the global film streaming platform, has selected Bitmovin as its cloud VOD encoding partner. Bitmovin's encoding infrastru...
07/05/2026
NBCUniversal Telemundo Enterprises and the U.S. Soccer Federation have announced...
07/05/2026
Angel City Football Club (ACFC) and Victory have announced a regional broadcast partnership bringing live match coverage to fans across the greater Los Angeles...
07/05/2026
Spiideo has announced the launch of AI Highlights inside Spiideo Play, its automated sports production platform. AI Highlights combines video, event data, audio...
07/05/2026
Leostream Corporation has announced a unified remote access ecosystem for high-p...
07/05/2026
The Atlanta Dream has partnered with Victory to stream all locally broadcast Dream games for free, expanding the team's digital distribution strategy and g...
07/05/2026
Riedel Communications has announced the appointment of Marc Engroff as Chief Fin...
07/05/2026
SES and ARD, Germany's largest public broadcasting network, have announced a long-term extension of their satellite distribution partnership through 2039. U...
07/05/2026
UpLight Technologies delivers a flexible video and lighting system for a new televised sportLaunching the Pro Cheer League required more than creating a compell...
07/05/2026
Full Day Productions and GSE Worldwide have announced Spikes Under the Lights, a...
07/05/2026
Seit dem Start im Jahr 2023 hat DJ (Beta) das personalisierte H rerlebnis von 94...
07/05/2026
Da quando stata presentata nel 2023, DJ (beta) ha aiutato a definire un'esperienza d'ascolto pi personalizzata per 94 milioni di utenti Spotify Premi...
07/05/2026
Since launching in 2023, DJ (beta) has helped shape a more personalized listenin...
07/05/2026
Desde o lan amento em 2023, o DJ (beta) j ajudou a deixar a experi ncia de ouvi...
07/05/2026
From our earliest days, Spotify has been built on a simple principle: Great audio should be easy to reach. It's what's driven us to expand from music to...
07/05/2026
Asian and Pacific Islander artists continue to shape the global soundscape, pushing creative boundaries and connecting with fans worldwide. This Asian & Pacific...
07/05/2026
Company announce long-requested choir instrument
In the latest expansion of their Symphonic Elements series, UJAM have introduced an all-new vocal instrumen...
07/05/2026
Modular-inspired sound generation with digital control
Buchla have introduced Ziggy, a new compact synthesizer built around the company's complex oscill...
07/05/2026
Combines analogue voices with digital synthesis and sequencing
Polyend have announced Drums, a new hybrid analogue and digital drum machine that combines sy...
07/05/2026
Control surface now officially supports four DAWs
When Nektar launched the Panorama CS12 control surface, it worked exclusively with Apple's Logic Pro, ...
07/05/2026
In the first quarter 2026, SGL Carbon generated consolidated sales of 184.5 million, which was 49.8 million, or 21.3%, lower than in the prior year (Q1 2025: ...
07/05/2026
Rohde & Schwarz and Greenerwave achieve precise and fast ESA antenna characteriz...
07/05/2026
Two multi-role L3Harris products - the Red Wolf launched effects vehicle and SK...
07/05/2026
L3Harris will be developing key features of a secure and resilient digital infra...
07/05/2026
Alysa Liu and Shohei Ohtani Help Drive Viewership as 91 of the Top 100 Broadcast...
07/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
07/05/2026
Cobalt Digital Wins Two Future Best of Show Awards at 2026 NAB Show
Manufacturer Recognized by TV Tech and TVBEurope for Innovation in signal processing
Cobal...
07/05/2026
Software and hardware platforms, AI power and user-friendliness on show...
07/05/2026
Intinor will demonstrate its latest technical enhancements for the Direkt series at BroadcastAsia 2026. With a continued focus on reliable contribution and remo...
07/05/2026
Bitmovin has announced that MUBI has chosen Bitmovin as its cloud VOD encoding partner, replacing MUBI's legacy on premises encoding setup to improve scalab...
07/05/2026
Meet Graduates from Berklees Class of 2026 Members of this years graduating class reflect on their proudest moments at Berklee and look ahead to whats next.
...
07/05/2026
Share
Copy link
Facebook
X
Linkedin
Bluesky
Email...
07/05/2026
At BroadcastAsia 2026, Interra Systems will demonstrate its latest innovations in automated quality control (QC), real-time monitoring, and captioning. The comp...
07/05/2026
At this year's Broadcast Asia, PlayBox Neo is set to unveil recent innovations across its PlayBox Neo Suite and integrated range of broadcast media solution...