Although software based hashing like bcrypt is currently the recommended algorithm to use to protect passwords, it will be brute forced quite quickly.
In this hack, user credentials are used by threat actors to break into other valuable platforms such as bank accounts, personal email accounts and corporate systems. The diverse set of user data can also be used to guess and crack security questions often used by companies to reset passwords. Commercial email addresses can even be targets for spear-phishing or extortion.
Contact us if you want to stop your customer data getting into the wrong hands.