"The vast majority of hacking-related security breaches use either stolen or weak passwords and there's very little a user can do if a criminal has the right password," Acin continues. iStockīut why should Americans be worried about this? Victor Acin, a threat intelligence analyst from Blueliv explained to Newsweek: "The black market for stolen credentials is huge-they are sold for good money in hidden areas of the Internet." He goes onto say that for cybercriminals, a valid login and password combination is basically a key that opens doors to a myriad of illegal activitie, from "blackmail to fraud," usually with the end goal of making a financial profit. Stock image: Financial institutions such as HSBC have been victims of data breaches.
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