Russian hackers reportedly amassed 1.2 billion username-password combinations

Gigaom

1.2 billion username and password combinations, and more than half a billion email addresses, are in the hands of a Russian crime syndicate, according to a New York Times report.

The database was apparently discovered by researchers at Hold Security. They haven’t disclosed which websites are affected, but there’s a whopping 420,000 of them and they range from Fortune 500 firms to “very small websites.” Hold, which is about to present its findings at Black Hat this week, isn’t naming any of the affected sites just yet because of non-disclosure agreements and the fact that many remain unpatched.

This is probably the biggest illicit stash of personal information that has yet been found. However, as Forbes has pointed out, Hold also charges companies to tell them whether or not their website has been breached — there’s arguably a potential conflict of interest here, though it’s worth noting that the…

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About antonyma

Engineering trained, Antony has the qualifications of CISA, Oracle DBA and BS7799 ISMS assessor. He also received a LLM in Intellectual Property & Information Technology Law from The University of Hong Kong. Founder of travel tech statup www.powerdata2go.com Antony was th Chairman of Professional Information Security Association (PISA) from 2009 to 2010. He also joined ISC2 workshop on developing a new cloud security certification. Current positions include: 1. Chairman of Cloud Security Alliance (Hong Kong & Macau Chapter) 2. Convenor of HK OGCIO Working Group on Cloud Security and Privacy 3. Hong Kong delegate to ISO SC 27 committee, which drafts security standards like ISO27001. email : antony.linkedin@gmail.com Specialties Retail Banking System & Process, IT Security, Copyright Law, Audit & Control, Technology Risk Management, Cloud Security

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