Five unanswered questions about massive Russian hacker database

 There’s still much that’s unclear about Tuesday’s revelation that a small group of hackers in Russia have amassed a database of 1.2 billion stolen user IDs and passwords. The company that disclosed the incident, Hold Security, didn’t offer any fresh information Wednesday, but here are five questions we’d like to see answered (and a bonus one that we already know the answer to).

What are the hackers going to do with them?

The answer to this depends partly on the previous two questions. If they are fresh credentials for important services like online banking, they are ripe to be used to siphon money from online accounts. If they are older or from little-used services, they might be used to send spam by email or post it in online forums. Continue reading

Russian gang said to amass more than a billion stolen internet credentials

A Russian crime ring has amassed the largest known collection of stolen internet credentials, including 1.2 billion username and password combinations and more than 500 million email addresses, security researchers say.

The records, discovered by Hold Security, a firm in Milwaukee, include confidential material gathered from 420,000 websites, ranging from household names to small internet sites. Hold Security has a history of uncovering significant hacks, including the theft last year of tens of millions of records from Adobe Systems.

“Hackers did not just target US companies, they targeted any website they could get, ranging from Fortune 500 companies to very small websites,” said Alex Holden, the founder and chief information security officer of Hold Security. “And most of these sites are still vulnerable.” Continue reading