Password Attacks—How They Happen and Staying Safe

Password

At the center of the current tech revolution are depressing reports about frequent cyberattacks that have paralyzed entire company operations. These cyber-attacks will only continue to increase, according to a think tank. 

In the modern days, hackers have focused on data and crypto heists, especially on unsuspecting users who aren’t tech savvy. However, it only takes a bit of cautiousness from individuals to safeguard against cyber-attacks. Hackers, for years now, consistently used blackmail as a bargaining chip for huge ransoms that in most cases come to haunt them in the future because of breadcrumbs. All the same, all hacks, and mostly crypto heists, like the one in Poly Network in 2021, have continued to sway bitcoin price predictions, especially in trading platforms such as PrimeXBT—a testament to the importance of cybersecurity.  

Regardless of the results, whether authorities tracked and retrieved the funds or data, the disruptions caused by these lethal attacks often lead to significant losses, denting morale. Password attack is one of the top ten cybersecurity attacks, which affects almost anyone using a computer. While there is no single method unique to this attack, hackers have found it easier to exploit than other sophisticated methods available.

The Password Attack: How does it work?

Traders in places such as PrimeXBT use passwords to access their trading terminals. Employees in big corporations also use passwords to access their work terminals; the widespread use of passwords makes a password attack a perfect launch vehicle for hackers to exploit any system. 

Password attack is a method that might not require expert programming knowledge to carry out. In some circumstances, hackers make a lucky guess to access some juicy information, especially when they know their victims personally. Stories of spouses stealing their partner’s money are an example. However, in well-protected systems, methods such as social engineering, testing a network, or hacking the database usually suffice, as simple methods cannot work here. 

When putting the attack into action, hackers often employ “the brute force attack,” which simultaneously engages an automated database leak process, password guesses, and testing the network to find and reveal unencrypted passwords. The password attack can also employ other tactics during the brute force event, where an SQL injection into the database can reveal some hidden information, including passwords. 

Password attacks typically involve a program, which does all the work for the hackers until they get the desired outcome. They have evolved to include dictionary attacks that put commonly used words in a victim’s computer until some secure database access information is revealed. Other methods along this line include attacking many computers with commonly used phrases while staying within the limits of the allowed attempts, hoping to crack at least one password. 

After an attack, some victims ‌reuse an attacked machine carelessly with the same passwords or log-in credentials; hackers usually exploit this again by running the initially compromised passwords.

How to Stop a Password Attack

Many organizations follow strict password guidance procedures issued to them by the IT department; this is a way of mitigating against future cyber-attacks. These guidelines must be flexible to account for new methods used in attacks for them to be effective for long. 

Longer passwords are hard to crack, especially if the characters become a long-phrase of at least 15 letters long. Frequent password changes increase the risk of a password attack; users should strive for a change only when there is reason to believe a breach has occurred. 

Bigger organizations should discourage employees from setting up password hints, especially on content of great value in their computers, and instead, use a password manager in the event of lost or forgotten passwords.  

Conclusion

Platforms such as PrimeXBT have come up with many approaches to deal with hackers, including the famed do not trust anyone approach. Approaches taken by companies are often a step behind the hackers who constantly monitor weaknesses in systems to exploit every day, as their livelihoods depend on this. 

The Zero-day Exploit comes to mind in this situation, where hackers sit by and wait for the perfect opportunity to launch an attack before important security updates. However, simple steps followed by individuals when using their computers can usually be the difference to safeguard against attacks