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Over 1.2 Billion Credentials Stolen By Russian Cybercriminals

Over 1.2 Billion Credentials Stolen By Russian CybercriminalsA database of over 1.2 billion usernames and passwords and half a billion unique email addresses has been stolen and collected by a Russian cybercrime ring, the New York Times writes.

US internet security company Hold Security, which disclosed the information, said that “hackers did not just target U.S. companies, they targeted any website they could get, ranging from Fortune 500 companies to very small websites.”

The records have been gathered from around 420,000 websites, including well-known brands as well as small Internet sites from all industries.

The 12-member hacking group and their computer servers are allegedly based in a small city in south central Russia. It appears use most of the stolen information to send spam on social networks and offer their services to other hacking groups for money.

“There is a division of labor within the gang,” Alex Holden, founder and chief information security officer of Hold Security said. “Some are writing the programming, some are stealing the data. It’s like you would imagine a small company; everyone is trying to make a living.”

The company has not disclosed the names of the victims or the hacking methods used, and Russian websites have also been affected.

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Alexandra started writing about IT at the dawn of the decade – when an iPad was an eye-injury patch, we were minus Google+ and we all had Jobs. She has since wielded her background in PR and marketing communications to translate binary code to colorful stories that have been known to wear out readers’ mouse scrolls. Alexandra is also a social media enthusiast who `likes’ only what she likes and LOLs only when she laughs out loud.

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