Educate employees about email security: That includes teaching everyone about how to securely open attachments, verify senders’ information, and scan for malware and viruses.Training and education go a long way, and here are steps you can implement today: Preventing email data breaches takes effort from your security team, IT team, and every employee and executive. This is where it becomes interesting from a fraud management perspective. Once the user is made aware of the leak, they tend to change their passwords – but not their email address. This is especially true for European companies since the GDPR forces companies to publicly acknowledge when they’ve lost customer records. Now, if we switch over to the side of the company that lost the data, it will probably have to inform its users. If fraudsters do succeed in getting in, they will mine the accounts for personal details or, ideally, currency (crypto fiat and even bonus points). If your Gmail password is passw0rd4Gmail, it’s easy enough to infer what it will be for LinkedIn. These account login details are used for account takeover (ATO attacks), or credential stuffing, where fraudsters attempt a combination of the email and password on numerous services.Īs a side note, this is why using slightly customized passwords for different services can backfire. How accounts from data leaks appear on the dark web That’s the first thing that will happen. You’ll come across huge data dumps, as they’re called, which are sold in bulk on shady internet forums. The reason email data breaches happen in the first place is that criminals can resell the information on the dark web. Partner with SEON to reduce fraud rates in your business with real-time data enrichment, whitebox machine learning, and advanced APIs.Īsk an Expert Why Does an Email Data Breach Happen? However, in recent years, email addresses have been leaked from any kind of company, including travel operators, car companies, healthcare, nonprofits, education, etc. The type of companies more likely to be targeted for email data breaches includes social media companies, neobanks, financial institutions, BNPLs, e-wallets, online stores, and iGaming accounts – among others. This is why email data breaches are often synonymous with account takeover fraud, where fraudsters access someone else’s account in order to withdraw money, mine it for information, or use it as a phishing tool to target other victims. Criminals usually target email addresses and their associated login details, such as passwords, to infiltrate existing user accounts. It is also known as an email data leak, because the addresses and associated data are likely to be leaked on online forums, the darknet, or other public spaces.Įmail data breaches can be the result of cybercrime, phishing, internal sabotage, or fraud attacks. What is an Email Data Breach?Īn email data breach is an event where private email addresses are made public. But we can also use that information judiciously to protect them. Of course, this sounds like bad news for everyone involved – both companies and users whose records will be made public. In 2022, 15M records were lost due to leaks and breaches. Every year sets a new record for the number of exposed records in email data breaches.
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