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Billions of credentials stolen in largest criminal data theft ever

According to an American company, criminal Russian gangs have stolen the biggest amount of usernames and passwords ever, estimated in the billions

By Tamlin Magee from Aug 5, 2014 @ 19:02 CDT

An American web security company, Hold Security, claims Russian criminal rings have built enormous databases of 1.2 billion stolen usernames and passwords, along with half a billion email addresses.

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This heist will be the biggest identity theft of data in the history of the internet, according to Hold Security, and it is thought to have compromised roughly 420,000 websites. Hold has not named the companies it believes were hit but asserted brands both big and small are among those affected.

"We were amazed when 10,000 passwords went missing," company founder Alex Holden said. "Now we're in the age of mass production of stolen information. These guys did nothing new, they just did it better and on a mass level so it affects absolutely everybody."

NEWS SOURCES:Pcworld.com


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