data breach, Hacking, News

Russian Credentials Breach: Threat of the Week

CU Times

written by Robert McGarvey

A Russian gang stole an estimated 1.2 billion username/password combinations and, along the way, the criminals also amassed more than 500 million email addresses.

What does the theft mean to credit unions and their members?

For the latter, Adam Levin, founder of Scottsdale, Ariz.-based Identity Theft 911, glumly observed, “This has the potential to become a problem for all of us.”

Milwaukee company Hold Security, which discovered and documented the thefts, added that it believed some 420,000 websites – big companies along with mom and pop outfits – had been breached. (Read more)