Akamai Reveals State of Internet: Threats to Retailers

Akamai Reveals State of Internet: Threats to Retailers

Akamai recently released its latest security research “State of the Internet / Security Report: Loyalty for Sale – Retail and Hospitality Fraud.” This report, conducted over the course of about two years, examines criminal activity targeting the retail, travel, and hospitality sectors. 

ALERT: Cyber threats don’t rest, even during global pandemics. You can learn more with the Solutions Review Identity Management Buyer’s Guide and our other resources. 

Akamai serves as a content delivery network, cybersecurity, and cloud service provider. Akamai’s portfolio includes edge security, web and mobile performance, enterprise access, and video delivery solutions. Also, its security portfolio includes customer identity security and Zero Trust. 

According to Akamai, hackers conducted more than 100 billion credential stuffing attacks in a two year period between 2018 and 2020. The retail, travel, and hospitality industries comprised over 63 percent of those attacks. Overall, these commerce industries collectively suffered 41 percent of the global attack volume; also, these industries suffered over 4 billion web attacks. In the course of 2019-2020, researchers discovered that 90 percent of detected DDoS attacks affected retail businesses. 

Akamai notes that retail businesses offer hackers a prime target for data which can be easily commodified on the black market or for use in identity theft. 

Steve Ragan, Akamai Security Researcher and author of the State of the Internet / Security Report: Loyalty for Sale – Retail and Hospitality Fraud, also gave a statement. “Criminals are not picky — anything that can be accessed can be used in some way. 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.”

Learn more about Akamai here. 

    

Ben Canner

Ben Canner is an enterprise technology writer and analyst covering Identity Management, SIEM, Endpoint Protection, and Cybersecurity writ large. He holds a Bachelor of Arts Degree in English from Clark University in Worcester, MA. He previously worked as a corporate blogger and ghost writer. You can reach him via Twitter and LinkedIn.
Ben Canner