The Challenges Of Defending Against Credential Stuffing — State Farm And More

The recent credential stuffing attack at State Farm highlights the necessity to protect your company’s business applications, whether they’re web, mobile or API-based.

EXPERTS COMMENTS
Jonathan Bensen, CISO,  Balbix
August 14, 2019
The key to thwarting future attacks like what State Farm has suffered is to leverage security tools that employ right AI and ML
Trends in the auto insurance industry in 2018 were good for State Farm as rates went up 5% industry-wide. This enabled the company to earn about $81.7 billion in revenue and maintain its position as the Fortune 36 organization. Unfortunately, with the news of this breach, the insurance giant’s customer trust and brand image will be significantly affected, and there are likely to be additional co ....
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Ameya Talwalkar, Co-Founder and Chief Product Officer,  Cequence Security
August 13, 2019
Financial services, travel/hospitality, entertainment and insurance/healthcare companies are all subject to these attacks.
Credential stuffing attacks are indeed on the rise, but not just in the retail sector. Financial services, travel/hospitality, entertainment and insurance/healthcare companies are all subject to these attacks. Viewed from the attacker perspective, any company that has a public-facing application infrastructure where a user registers for an account that holds asset or information of value, is subje ....
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