Close
Josh Lefkowitz
Chief Executive Officer
Josh Lefkowitz executes the company’s strategic vision to empower organizations with the fastest, most comprehensive coverage of threatening activity on the internet. He has worked extensively with authorities to track and analyze terrorist groups. Mr. Lefkowitz also served as a consultant to the FBI’s senior management team and worked for a top tier, global investment bank. Mr. Lefkowitz holds an MBA from Harvard University and a BA from Williams College.
Evan Kohlmann
Chief Innovation Officer
Evan Kohlmann focuses on product innovation at Flashpoint where he leverages fifteen years’ experience tracking Al-Qaida, ISIS, and other terrorist groups. He has consulted for the US Department of Defense, the US Department of Justice, the Australian Federal Police, and Scotland Yard’s Counter Terrorism Command, among others. Mr. Kohlmann holds a JD from the Univ. of Pennsylvania Law School and a BSFS in International Politics from the Walsh School of Foreign Service at Georgetown Univ.
Josh Devon
Chief Operating Officer / Chief Product Officer
Josh Devon focuses on product vision and strategy at Flashpoint while ensuring the company’s departments function synergistically during its rapid growth. He also works to ensure that customers receive best in class products, services, and support. Previously, Mr. Devon co-founded the SITE Intelligence Group where he served as Assistant Director. He holds an MA from SAIS at Johns Hopkins Univ. At the Univ. of Pennsylvania, he received a BS in Economics from the Wharton School and a BA in English from the College of Arts and Sciences.
Chris Camacho
Chief Revenue Officer
As Chief Revenue Officer, Chris Camacho leads the company’s global sales team, which includes solution architecture, business development, strategic integrations, partnerships, and revenue operations; he is also the architect of Flashpoint’s FPCollab sharing community. With over 15 years of cybersecurity leadership experience, he has spearheaded initiatives across Operational Strategy, Incident Response, Threat Management, and Security Operations to ensure cyber risk postures align with business goals. Most recently as a Senior Vice President of Information Security at Bank of America, Mr. Camacho was responsible for overseeing the Threat Management Program. An entrepreneur, Mr. Camacho also serves as CEO for NinjaJobs: a career-matching community for elite cybersecurity talent. He has a BS in Decision Sciences & Management of Information Systems from George Mason University.
Lisa Iadanza
Chief People Officer
Lisa M. Iadanza leads all functional areas of People Operations at Flashpoint, including human resources, talent acquisition & management, employee engagement, and developing high performance teams. In addition to collaborating with the executive team to drive strategic growth, she plays an integral role in fostering Flashpoint’s culture and mission. Driven by her passions for mentorship, employee advocacy, and talent development, Ms. Iadanza has more than twenty years of experience in building, scaling, and leading human resources functions. Prior to Flashpoint, she held leadership roles at Conde Nast, Terra Technology, and FreeWheel. She is a member of the Society for Human Resources Management (SHRM) and holds a bachelor’s degree in management with concentrations in human resources and marketing from State University of New York at Binghamton.
Donald Saelinger
President
Donald Saelinger is responsible for driving strategic and operational initiatives to accelerate Flashpoint’s growth and scale. In this role, Donald leads a broad portfolio including Marketing, Customer Success, Revenue Operations, Legal and related functions, and is focused on helping the company execute on a go-to-market approach that maximizes value to our customers. Prior to Flashpoint, Donald served as Chief Operating Officer and General Counsel of Endgame, Inc., an endpoint detection and response company acquired by Elastic N.V. in 2019, and where he led a range of teams focused on growth, scale, and legal and compliance matters. Donald also previously served as the General Counsel and Chief Compliance Officer at Opower, Inc. (NYSE: OPWR), a global provider of SaaS solutions to electric and gas utilities that was acquired by Oracle, Inc. in 2016. Donald graduated from Columbia University in 2000 and received his JD from the Georgetown University Law Center in 2006.
Rob Reznick
SVP Finance and Corporate Development
Rob Reznick leads the finance, accounting, and corporate development teams at Flashpoint. Rob previously served as Director of Finance & Accounting for 1010data (acquired by Advance/Newhouse), and Director of Finance for Financial Guard (acquired by Legg Mason) after prior work in forensic accounting and dispute consulting. Mr. Reznick is a Certified Public Accountant and holds an MBA and MAcc from the Fisher College of Business at the Ohio State University, and a BBA from the Ross School of Business at the University of Michigan.
Tom Hofmann
SVP Intelligence
Tom Hofmann leads the intelligence directorate that is responsible for the collection, analysis, production, and dissemination of Deep and Dark Web data. He works closely with clients to prioritize their intelligence requirements and ensures internal Flashpoint operations are aligned to those needs. Mr. Hofmann has been at the forefront of cyber intelligence operations in the commercial, government, and military sectors, and is renowned for his ability to drive effective intelligence operations to support offensive and defensive network operations.
Jake Wells
SVP Solutions Architecture
Jake Wells leads strategic integrations and information sharing as part of the client engagement & development team, which serves as an internal advocate for our government and commercial clients to ensure Flashpoint’s intelligence solutions meet their evolving needs. He leverages a decade of experience running cyber and counterterrorism investigations, most recently with the NYPD Intelligence Bureau, to maximize the value customers generate from our products and services. Mr. Wells holds an MA from Columbia University and a BA from Emory University.
Brian Brown
SVP Strategy and Business Development
Brian Brown is responsible for the overall direction of strategic sales and development supporting Flashpoint’s largest clients. In his role, Mr. Brown focuses on designing and executing growth-oriented sales penetration strategies across multiple vertical markets, including both Government and Commercial, supporting Flashpoint’s Sales and Business Development Teams. An experienced entrepreneur, Mr. Brown also serves as CSO for NinjaJobs, a private community created to match elite cybersecurity talent with top tier global jobs and also advise growth-stage cybersecurity companies.
Justin Rogers
VP Revenue Operations
Justin Rogers leads the Revenue Operations team at Flashpoint, aligning sales, marketing, partnerships, customer success, and finance across vision, planning, process, and goals. He leverages over 15 years of experience in security, strategy, product design, and implementation to drive growth, provide an end-to-end view of the customer journey, and a seamless customer experience. Recently, Justin led Marketing for Centripetal, bringing the first Threat Intelligence Gateway to market. Previously, he managed operations of a Counter IED lab electronics forensics division while forward deployed in support of Operation Iraqi Freedom and Operation Enduring Freedom in Afghanistan. Justin holds a BS in Electrical Engineering from the University of New Hampshire.
Peter Partyka
VP Engineering
Peter Partyka leads Flashpoint’s engineering teams. Peter previously worked in the quantitative hedge fund space in New York City, implementing security and administrative solutions around proprietary trading platforms, high-availability cloud deployments, and hardening of applications and infrastructure. Peter leverages more than 16 years of experience in technology specializing in application security, red-teaming, penetration testing, exploit development, as well as blue-teaming. Peter has a long track record of managing tech teams and implementing engineering security best practices. Recently Peter led Flashpoint toward GDPR and CCPA compliance and has been a key architect of Flashpoint’s robust compliance programs. Peter has taught advanced cybersecurity courses at New York University and consulted at various tech startups during his career.
Paul Farley
VP APAC Sales
Paul Farley is responsible for the Asia-Pacific region of Flashpoint's international business, including Australia, Japan, and Singapore. In his role at Flashpoint, Paul is executing growth-oriented sales strategies across multiple countries and vertical markets, including both Government and Commercial. Paul has extensive experience leading regional sales for both pre-IPO growth businesses and large organizations such as RSA, EMC and DELL.
Steven Cooperman
VP Public Sector Sales
Steven Cooperman is responsible for Flashpoint’s strategy and sales growth of its public sector business. He also supports the development of a robust partner ecosystem for public sector business to deliver value added offerings and innovation focused to the mission of government. Steven has an established and diverse career in the Public Sector, holding leadership positions at a number of successful enterprise software companies and Federal System Integrators, including ServiceNow, HP, Oracle and Northrop Grumman. He holds an MA in Analytic Geography from the State University of New York - Binghamton, and received his BS in Geology from the State University - Oneonta.
Matthew Howell
VP Product
Matthew Howell leads the Product Management and Product Marketing teams for Flashpoint. He is responsible for developing a strong team that drives product adoption and user engagement through outcome based prioritization, continuous process improvement, and metrics driven development. Matthew brings a passion for diverse ideas, experience launching B2B SaaS products, building integration ecosystems, supporting five 9s SLAs, and leading distributed teams. He holds a bachelor’s degree in computer science from the University of Virginia
Glenn Lemons
Executive Director Strategic Accounts Engagement
Glenn Lemons is Executive Director, Strategic Accounts Engagement at Flashpoint. He previously served as the acting Director of Citigroup's Cyber Intelligence Center where he was responsible for analyzing and reacting to intelligence from a variety of threats. These threats ranged from fraudulent activity and attempting to defraud Citi's clients to supporting security operations for the firm's worldwide network presence. He has extensive experience working with multiple clients across the financial services, manufacturing, healthcare, and public sectors. Glenn also has more than 26 years of intelligence experience within the operational and support communities in the U.S. military and federal civilian service; seven of which focused on both defensive and offensive cyber operations. While working for the U.S. Department of Homeland Security, he testified numerous times before U.S. Congressional committees and member requested open and closed sessions.
Close
Steve Leightell
Steve started his career in Internet sales in the early 1990s and was always a top sales rep before transitioning to business development. By the early 2000s, he was the Director of Business Development at DWL, where he managed a team that built partnerships with Accenture, Oracle, Tata Consulting, Wipro, Cognizant and IBM. Steve designed the channel and strategy that ultimately culminated in the acquisition of DWL by IBM in 2005. He went on to lead a global team within IBM that was responsible for major system integrator partnerships. In 2008, he left IBM to found a niche consulting firm focused on business development for SaaS organizations. Steve holds a BA in anthropology and sociology from Carleton University in Ottawa.
Ellie Wheeler
Ellie Wheeler is a Partner at Greycroft and is based in the firm’s New York office. Prior to joining Greycroft, Ellie worked in a similar role evaluating investment opportunities at Lowercase Capital. Ellie also worked at Cisco in Corporate Development doing acquisitions, investments, and strategy within the unified communications, enterprise software, mobile, and video sectors. While at Cisco, she was involved in multiple acquisitions and investments, including PostPath, Jabber, Xobni, and Tandberg. She began her career in growth capital private equity at Summit Partners in Boston. Ellie graduated magna cum laude from Georgetown University with a BA in Psychology and holds an MBA from Harvard Business School.
Glenn McGonnigle
Glenn McGonnigle is a General Partner at TechOperators. Prior to launching TechOperators in 2008, Glenn was CEO of VistaScape Security Systems, a venture-backed provider of enterprise intelligent video surveillance software. He lead the company through its successful sale to Siemens Building Technologies. Previously, Glenn was a co-founder and senior executive of Atlanta-based Internet Security Systems (ISS) where he helped raise initial venture capital and launch the business. For 7 years, he led the business development team in developing sales channels and entering the managed security services market. During his tenure, the company grew from startup to revenues of over $225 million and was later acquired by IBM for $1.3 billion.
Brendan Hannigan
Brendan joined Polaris Partners in 2016 as an entrepreneur partner. In this role, he focuses on funding and founding companies in the technology sector with a concentration in cloud, analytics, and cybersecurity. Brendan is a co-founder of Sonrai Security and chairman of Twistlock, both Polaris investments. He also currently serves on the board of Bitsight Technologies and Flashpoint. A 25 year technology industry veteran, Brendan was most recently the general manager of IBM Security. Under Brendan’s leadership, IBM Security grew significantly faster than the overall security market to become the number one enterprise security provider in the world with almost $2B of annual revenue.
Matt Devost
Currently, Devost serves as CEO & Co-Founder of OODA LLC as well as a review board member for Black Hat. In 2010, he co-founded the cybersecurity consultancy FusionX LLC which was acquired by Accenture in August 2015, where he went on to lead Accenture's Global Cyber Defense practice. Devost also founded the Terrorism Research Center in 1996 where he served as President and CEO until November 2008 and held founding or leadership roles at iDefense, iSIGHT Partners, Total Intel, SDI, Tulco Holdings, and Technical Defense.
image/svg+xml image/svg+xml
Flashpoint & Chainalysis team up to investigate cryptocurrency cybercrime on illicit Russian marketplace “Hydra.” Download your copy here.

Compromised Credentials: Analyzing the 2021 Verizon DBIR and Its Most Sought-After Data Type

Blog
June 7, 2021

The 2021 Verizon DBIR Shines a Spotlight on Credentials

Verizon recently released the 14th edition of its highly-anticipated annual research, the 2021 Verizon Data Breach Investigations Report (DBIR), in May 2021. After spending time combing through the research, one theme jumps out: compromised credentials are an issue for organizations of all industries, regions, and sizes. 

Breaches Grow Significantly YoY from 2020 to 2021 Verizon DBIR

In this year’s DBIR, the group “analyzed 79,635 incidents, of which 29,207 met [Verizon’s] quality standards and 5,258 were confirmed data breaches, sampled from 88 countries around the world.”

Particularly noteworthy in this sample data is the stark rise in confirmed breaches, increasing by more than 33% year-over-year (YoY), with 5,258 in the 2021 DBIR compared to last year’s 3,950 confirmed breaches.

“We’ve said it before, and we’ll say it again—everyone loves credentials. Credentials are the glazed donut of data types.”

Why Are Credentials So Highly Sought After by Attackers?

Figure 1 The 2021 Verizon DBIR, Pg 22.

As the figure on the right (taken directly from the 2021 Verizon DBIR) illustrates, credentials were the most common data type found in intentional breaches this year, involved in a staggering 61% of breaches—far surpassing the next most common type, personal data, which was found in just 40% of breaches this year. 

With a quick keyword search for words including “credential” in the Verizon DBIR, you’ll return a total of 86 matches—which is more than other popular security phrases, like “phish” (61), “cyber” (69), or even “malware” (83). This is because credentials are valuable both as commodities stolen as a result of successful breaches and as effective attack resources to infiltrate targeted systems, applications, and accounts. For instance, an attacker may first perform a phishing campaign to gather key credentials to a cloud-based email system, and then later leverage these credentials to stealthily access and deploy malware on the email system. 

Organizations are further exposed when they lack adequate controls to track and verify the integrity of employee and customer credentials. Without frequent, continuous credential monitoring, adversaries have ample time to acquire and weaponize compromised credentials in their attack plans.

“The cost of keeping up with potential credential dumps can’t be simplified as something you should do every month or so.”

More DBIR Data: Too Many Credential Attack Vectors

Throughout the 2021 Verizon DBIR, we see the many variations of attack use-cases for compromised credentials, and the high efficacy of each method. Here are just a sampling of the exposures credentials pose according to the report:

  • Basic web application attacks (BWAAs). With the appropriate descriptor “basic” these attacks involve fewer steps to execute, especially in comparison to more sophisticated forms of system intrusion, ransomware, and Magecart-like attacks. However, despite their more rudimentary makeup, basic web application attacks remain effective, pervasive, and include compromised credentials in 80% of the 1,384 BWAA breaches.
  • Brute force and credential stuffing. One popular form of basic web application attacks are brute force and credential stuffing attacks. For 95% of organizations hit by credential stuffing attacks, the 2021 Verizon DBIR found that they faced anywhere between 637 and 3.3 billion malicious login attempts throughout the course of the year.
  • Credential stealing botnets. Two industry sectors bear the brunt of these attacks, dealing with 85% of credential stealing botnets in the 2021 Verizon DBIR. The Information sector alone is hit by about half of all credential stealing botnets and the Finance sector accounts for another one-third (35%).
  • Desktop sharing. Desktop sharing ranked second among hacking vectors within intentional breaches, topped only by web applications. Within this hacking vector, 89% of desktop sharing breaches involved some sort of credential abuse, either use of stolen credentials or brute force techniques (Pg 18).
  • Phishing. Given the human behavioral characteristics of successful phishing attacks, which typically target user accounts and access, it’s not terribly surprising to see that 85% of social engineering breaches effective compromise at least some credentials as part of the attack (Pg 49).
  • System intrusions. Credentials are key to successful infiltration of targeted systems, applications, and networks. The 2021 Verizon DBIR confirms this, stating: “Credential attacks are the most common starting point [for system intrusions], with the credentials frequently coming from the result of other breaches and/or credential re-use” (Pg 74). This includes most forms of attack types involving system intrusions, such as ransomware, Magecart, and other general malware-based attacks.

Learn about Flashpoint Compromised Credentials Monitoring and why it’s considered “one of the premier capabilities” for tackling stolen credentials.

Credential Stuffing Attempts Often Reach the Hundreds of Millions

Figure 2 The 2021 Verizon DBIR, Pg 60.

Acute Credential Exposures by Industry

In addition to credential attack techniques highlighted in the 2021 Verizon DBIR, it’s also worth noting some of the more acute industry-specific credential exposures, including:

  • Financial and insurance. External threat actors account for a slight majority of malicious breaches for the financial and insurance sector. With these external breaches in mind, the 2021 Verizon DBIR wrote that this sector “…faces a similar onslaught of Credential attacks, Phishing and Ransomware attacks.”
  • Manufacturing. In 79.5% of manufacturing attacks, threat actors leveraged stolen credentials to gain their initial foothold. Following the initial intrusion, attacks would either seek out and steal additional credentials or install malware to carry out additional phases of the attack.
  • Mining, oil and gas, and utilities. Successful attacks hitting this sector produced compromised credentials in 94% of mining and utilities breaches.

“We were also curious what kind of data was the fastest to be compromised, and that turns out to be Credentials.”

What Can You Do About Compromised Credentials?

Based on everything we covered in the 2021 Verizon DBIR, it’s clear that the onslaught of new breaches will continue for the foreseeable future, and likely worsen. With the majority (61%) of these breaches involving compromised credentials, the rapidly mounting volume of data that you and your security team must sift through on your own is both increasingly untenable and yet all the more vital to ensure your employee and customer accounts remain secure.

To counter this mounting compromised data, tools like Flashpoint CCM that continually monitor your credential exposure can rapidly reduce your risk of stolen credential reusage. Once implemented, security teams can rest easy knowing that they’re protected and will receive alerts to any new exposures that require their rapid review and mitigation planning.

Test Out Flashpoint CCM and Our 40+ Billion Credentials

Sign up for a demo! See how Flashpoint Compromised Credentials Monitoring (CCM) provides automated and continually-updated monitoring for compromised credentials affecting your organization and your customers.

Flashpoint Intelligence Brief

Subscribe to our newsletter to stay up-to-date on our latest research, news, and events