Digital Shadows has attempted to identify data breaches trends across regions and industries in its newly released report that analyses the top 1,000 companies in the Forbes 2000 list.
Newspapers are inundated with reports of leaked databases and this report seeks to understand the extent to which the world's biggest companies have been affected by these breaches.
IT departments are still struggling to make sense of the leaked information and understand what it means for organisations.
There are clear reputational, brand and financial implications for the companies that were the source of the breach, but Digital Shadows insists that the consequences of these breaches extend far beyond these companies.
Organisations with employees who have reused corporate emails and passwords can leave their organisations exposed, which is a huge dent in the company's reputation.
Unique leaked credentials
There are more than 5 million unique leaked credentials online impacting the technology, entertainment and financial services industries.
The report indicates that about 300,000 corporate email and passwords combinations were leaked from dating websites, including Ashley Madison, Adult Friend Finder and Mate.
Threat actors are regularly making use of these compromised credentials such as credential stuffing, extortion and account takeover.
In order to mitigate such instances organisations should establish a policy for which external services are allowed to be associated to corporate email accounts.
They should also implement an enterprise password management solution and understand approved external services for password policies and formats.
Sign up for CIO Asia eNewsletters.