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Read our latest insights below on the myriad of weekly global Privacy issues and

why it is so important to get your important matters and plans organised –

as we put in context the nature of LifeBank as the offline internet

When security of the internet – and how regularly – is breached

Krebs on Security is an invaluable source of information – and advice – on all matters of security relating to the internet.  The latest, frightening stats….

“2.3 Billion – Stolen Credentials

Over 2.3 Billion usernames and passwords were reported spilled from 51 organizations in 2017.
The frequency of credential spills has remained extremely consistent for two years, but the average size of spills in 2017 was lower than in 2016.

$50 Million – Potential Daily Losses

The US consumer banking industry faces nearly $50 million per day in potential losses from credential stuffing attacks.
After accounting for fraud prevention, actual losses are estimated to be $5 million per day, or over $1.6 billion per year.

15 Months – To Discover Spills

On average, it took fifteen months for a credential spill to become public knowledge.This window of time is directly related to the cost of a spill; the longer it takes to discover a compromise, the more time attackers have to monetize account takeovers.

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