Bank of America Corp
Change company Symbol lookup
Select an option...
BAC Bank of America Corp
AZN AstraZeneca PLC
CLZNY Clariant AG
CARR Carrier Global Corp
KBH KB Home
SMIT Schmitt Industries Inc
OOMA Ooma Inc
SEDG Solaredge Technologies Inc
CELH Celsius Holdings Inc
BABA Alibaba Group Holding Ltd
Go

Financials : Banks | Large Cap Value
Company profile

Bank of America Corporation is a bank holding company and a financial holding company. The Company is a financial institution, serving individual consumers and others with a range of banking, investing, asset management and other financial and risk management products and services. The Company, through its banking and various non-bank subsidiaries, throughout the United States and in international markets, provides a range of banking and non-bank financial services and products through four business segments: Consumer Banking, which comprises Deposits and Consumer Lending; Global Wealth & Investment Management, which consists of two primary businesses: Merrill Lynch Global Wealth Management and U.S. Trust, Bank of America Private Wealth Management; Global Banking, which provides a range of lending-related products and services; Global Markets, which offers sales and trading services, and All Other, which consists of equity investments, residual expense allocations and other.

Closing Price
$28.99
Day's Change
-0.04 (-0.14%)
Bid
--
Ask
--
B/A Size
--
Day's High
29.10
Day's Low
28.81
Volume
(Light)
Volume:
25,971,555

10-day average volume:
51,914,855
25,971,555

Akamai Security Research: Loyalty Programs Continue to be Targeted by Criminals as Account Data is Easily Sold or Traded

6:30 am ET October 21, 2020 (PR Newswire) Print

Akamai (NASDAQ: AKAM) the intelligent edge platform for security and delivering digital experiences, today published the State of the Internet / Security report: Loyalty for Sale - Retail and Hospitality Fraud. The report details criminal activity targeting the retail, travel, and hospitality sectors with attacks of all types and sizes between July 2018 and June 2020. The report also includes numerous examples of criminal ads from the darknet illustrating how they cash in on the results from successful attacks and the corresponding data theft.

https://mma.prnewswire.com/media/384815/akamai_logo__002_.jpg

"Criminals are not picky -- anything that can be accessed can be used in some way," said Steve Ragan, Akamai security researcher and author of the State of the Internet / Security report. "This is why credential stuffing has become so popular over the past few years. These days, retail and loyalty profiles contain a smorgasbord of personal information, and in some cases financial information too. All of this data can be collected, sold, and traded or even compiled for extensive profiles that can later be used for crimes such as identity theft."

During the COVID-19 pandemic-related lockdowns in Q1 2020, criminals took advantage of the worldwide situation and circulated password combination lists, targeting each of the commerce industries featured in the report. It was during this time that criminals started recirculating old credential lists in an effort to identify new vulnerable accounts, leading to a significant uptick in criminal inventory and sales related to loyalty programs.

Between July 2018 and June 2020, Akamai observed more than 100 billion credential stuffing attacks in total. In the commerce category - comprising the retail, travel, and hospitality industries - there were 63,828,642,449 recorded. More than 90% of the attacks in the commerce category targeted the retail industry.

Credential stuffing isn't the only way that criminals target the retail, travel, and hospitality industries. They target organizations in these industries at the source using SQL Injection (SQLi) and Local File Inclusion (LFI) attacks. Between July 2018 and June 2020, Akamai observed 4,375,711,860 web attacks against retail, travel, and hospitality, accounting for 41% of the overall attack volume across all industries. Within this data set, 83% of those web attacks targeted the retail sector alone. SQLi attacks are an evident favorite among criminals, accounting for just under 79% of the total web application attacks against retail, travel, and hospitality.

As the global economy prepares for a holiday shopping season, it does so in an environment that has changed radically due to the pandemic. Consumers will not be standing outside of brick and mortar stores waiting for the latest deals in the same way they have in the past. They're going to log-in, collect their reward points, and maybe use loyalty programs to gain some discounts or other perks just for being a member.

Considering everything that goes into a successful loyalty program, and the information people need to provide in order to take part, the criminals have everything they need to get started in a number of crime-related ventures, from account takeovers, to straight-up identity theft. So, while an individual's loyalty to a merchant, airline, or hotel chain might not literally be for sale, there's a good chance the account associated with such programs might be.

"All businesses need to adapt to external events, whether it's a pandemic, a competitor, or an active and intelligent attacker," Ragan concluded. "Some of the top loyalty programs targeted require nothing more than a mobile number and a numeric password, while others rely on easily obtained information as a means of authentication. There is an urgent need for better identity controls and countermeasures to prevent attacks against APIs and server resources."

The Akamai 2020 State of the Internet / Security report, Loyalty for Sale - Retail and Hospitality Fraud is available here. In addition, Akamai will host a webinar on Thursday, October 22 at 11:00 a.m. ET where Akamai security experts discuss the findings of this latest report. To register for the webinar, visit here.

For additional information, 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 contact information at www.akamai.com/locations.

Contacts:
Tim Whitman         Tom Barth
Media Relations     Investor Relations
617-444-3019        617-274-7130
twhitman@akamai.com tbarth@akamai.com

https://c212.net/c/img/favicon.png?sn=NE62584&sd=2020-10-21

View original content to download multimedia:http://www.prnewswire.com/news-releases/akamai-security-research-loyalty-programs-continue-to-be-targeted-by-criminals-as-account-data-is-easily-sold-or-traded-301156579.html

SOURCE Akamai Technologies, Inc.

https://rt.prnewswire.com/rt.gif?NewsItemId=NE62584&Transmission_Id=202010210630PR_NEWS_USPR_____NE62584&DateId=20201021

comtex tracking

Earnings Calendar and Events Data provided by |Terms of Use| © 2020 Wall Street Horizon, Inc.

Market data accompanied by is delayed by at least 15 minutes for NASDAQ, NYSE MKT, NYSE, and options. Duration of the delay for other exchanges varies.
Market data and information provided by Morningstar.

Options are not suitable for all investors as the special risks inherent to options trading may expose investors to potentially rapid and substantial losses.
Please read Characteristics and Risks of Standard Options before investing in options.

Information and news provided by ,, , Computrade Systems, Inc., , and

Copyright © 2020. All rights reserved.