Did you know Security Experts Warn Against Millions of Stolen Password Managers Grabbing Users' Credentials

 

Hackers and cybercriminals are at it again and this time around, security experts are warning about millions of password managers getting targeted.

A new report by security experts from Picus shared how the scenario is too good to be true as threat actors make use of sophisticated methods for the extraction of details. This includes scraping memory, harvesting registries, and compromising the local as well as cloud-related password stores.

They are trying to steal credentials providing attackers with keys inside the kingdom. Out of a million samples taken for analysis, a staggering 25% had their credentials stolen through password stores. The multi-stage attacks are called SneakThief and they explain the whole evolution involved in stealing information through malware.

This is why experts want users to remain safe at all times through the use of vital password managers with multi-factor authentication systems. Similarly, they want employees never to reuse the same password again if they make use of password managers.

Experts also told users to focus more on the bigger picture and not on the fact that they should stop using password managers. Remember, these tools are designed to be the safest against password theft. They just need to remember simple tips and tricks such as stronger passwords that can’t be guessed too easily.

The same is the case for making use of passphrases to avoid clicking on the ‘I can’t remember that’ block. At the same time, two-factor authentication is great when you have a password manager. Last but not least, always ensure you have a strong defense in place to prevent the vault from getting compromised in the end.