![]() Ticketmaster wasn’t the only company to make cyber headlines early last year. PAM solutions auto-rotate the credentials to high-tier business accounts, preventing users with outdated credentials from logging in unauthorized. Because of this, it’s important that organizations encourage their users to regularly rotate their login credentials, either enforcing it via a password policy or by implementing a privileged access management (PAM) solution. Unfortunately, attacks like this aren’t all that unusual. As part of a deferred prosecution agreement, the ticket sales company had to pay a $10 million fine to resolve these charges. Ticketmaster was charged with violations of the Computer Fraud and Abuse Act, computer intrusion for commercial advantage or private financial gain, computer intrusion in furtherance of fraud, wire fraud conspiracy, and wire fraud. Attorney DuCharme said, “Ticketmaster employees repeatedly-and illegally-accessed a competitor’s computers without authorization using stolen passwords to unlawfully collect business intelligence.” The employee even demonstrated-at a division-wide summit attended by other Ticketmaster employees-how to hack into an account at the rival company using the stolen credentials. Ticketmaster admitted that an employee who previously worked for a rival company handed over to Ticketmaster executives confidential internal documents that he’d kept from his former employer, as well as the login credentials for multiple corporate accounts that the rival company used to manage ticket presales. New York City Law Department, June 2021Īt the very beginning of 2021, Ticketmaster pleaded guilty to a charge of repeatedly and illegally accessing competitors’ computers.We’ve put together a list of some of the most significant password breaches and hacks of the last year, along with recommendations on how to prevent something similar happening to your organization. To protect yourself from credential-related breaches, you need to understand why they happen and how they work. Unfortunately, a lot of us are pretty bad at keeping our corporate credentials safe last year, over 61% of data breaches involved the use of brute force or compromised credentials. Failure to do this leaves your doors unlocked for bad actors who are trying to access your corporate data via an account compromise attack. That means not only educating users on good password practices, but enforcing them organization-wide. User credentials are the keys to your organization’s data kingdom, and it’s crucial that you keep those keys safe. ![]()
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