Most of us have online accounts for everything, from government services to online shopping. Each new account requires a username and password. While reusing credentials across multiple accounts may seem convenient, it significantly increases your risk of falling victim to cyber attacks. With a single compromised password, cyber criminals can unlock multiple accounts, gaining access to your personal information and more.
The Risks of Password Reuse
User credentials are a prime target for cyber criminals, who exploit the fact that many people reuse their passwords. Cyber criminals target both organizations and individuals, exploiting system vulnerabilities, deploying phishing attacks, and disguising malware as legitimate files to steal sensitive information. Once stolen, these credentials can be sold or shared online, making them accessible to other malicious actors.
Even if your password was stolen years ago, reusing it today exposes you to cyber attacks like credential stuffing. To safeguard your accounts, avoid reusing passwords, regardless of their complexity.
Understanding Credential Stuffing
Credential stuffing involves cyber criminals using stolen login credentials from one site to gain access to accounts on other websites. This process is often automated using botnets and account checker apps, allowing cyber criminals to test credentials across numerous sites quickly. Once they gain access, cyber criminals can:
- Change your password
- Steal associated credit card information
- Make unauthorized transactions
- Conduct other fraudulent activities
Websites like monitor.mozilla.org can alert you if your email or password appears on a list of stolen credentials.
Adopt Secure Password Habits
Your password is the first line of defense for your accounts. Implementing good password habits is crucial to securing your online presence:
- Use unique passwords: Create a new and unique passphrase or complex password for each account.
- Enable multi-factor authentication (MFA): MFA adds an extra layer of security by requiring additional verification, such as a security code or biometric authentication. For guidance on setting up MFA, refer to the UK’s National Cyber Security Centre’s Tips for Staying Secure Online: Turn on 2-step Verification.
- Utilize a password manager: Password managers help you remember unique passwords. Use a complex primary password for your manager and activate MFA on your password manager account.
- Keep passwords private: Do not share your passwords and avoid storing them in public places, such as on sticky notes around your workspace.
- Avoid “remember me” options on public computers: Always log out after using shared or public devices.
Steps to Take if Your Account is Compromised
If you suspect your account has been compromised:
- Change your password immediately: Update your password for the affected account and any other accounts using the same password.
- Review account information: Check for unauthorized changes or transactions. Update security questions and answers if necessary.
- Monitor financial accounts: Look for suspicious activity on your bank and credit card statements. If your credit card is linked to the compromised account, contact your bank.
- Report fraud: Notify the Canadian Anti-Fraud Centre and your local police. Consider alerting a credit bureau.
- Inform your contacts: Let them know about the breach, as your account may be used to send phishing messages that appear to come from you.
By following these guidelines, you can protect your online accounts from being compromised and ensure your personal information remains secure.
For more cybersecurity tips and best practices, stay tuned to the Critical Path Security blog.