The FBI is currently investigating the theft of 1.2 billion Internet logins and passwords compromised by Russian criminals. Credentials were taken from more than 420,000 websites and servers over a few years, with Hold Security obtaining some of the credentials earlier this month. The hacker group responsible has become better organized using sophisticated tools to compromise data, and originated from simply being a spam operation.
Not much is known about the breach, though it includes stealing data from both small and large websites in multiple countries, including the United States and Russia. It remains unknown which companies are vulnerable due to the theft, and it's unknown what the criminal gang plans to do with the stolen data.
"The FBI is investigating the recently reported incident involving the potential compromise of numerous usernames and passwords, and will provide additional information as the nature and scope of the incident becomes clearer," said Josh Campbell, FBI spokesman, in a statement to the media.