It seems that not a day goes by without some security news, usually in the form of a breach. There have been some big ones too, from Target to Home Depot, as well as online ones, including the embarrassing Ashley Madison one.
Now we have the latest news, and it’s up there with the largest in history. 272 million emails and passwords from the likes of Gmail, Hotmail and others have been leaked.
Before you panic too much, realize that the data obtained consisted largely of data that had been seen before. Hold Security, which broke this news, claims that “Only 0.45 percent is new, meaning that only 1 out of 200 credentials are ones we have never seen before”.
The hacker was simply trying to unload the data and contacted the security firm asking only 50 rubles, which is less than $1 US. Not wanting to contribute anything to this cause the Hold Security company negotiated and received the information for free.
Hold claims “When we peel back the layers and dig deeper, we find that the hacker is holding something back from us. Within several days of communication and after a couple more strategically timed votes on his social media pages, he shared more useful information. At the end, this kid from a small town in Russia collected an incredible 1.17 Billion stolen credentials from numerous breaches that we are still working on identifying. 272 million of those credentials turned out to be unique, which in turn, translated to 42.5 million credentials — 15 percent of the total, that we have never seen before”.
Yes, this has the potential to be very bad, but right now we just don’t know. We also don’t know why the hacker was trying to unload it so quickly and then ended up giving it away. Stay tuned as this unfolds.