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Volume 27, Issue 4

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August 8, 2014

With a Breach This Large, Time Is on Your Side

By now, you’ve heard about the Russian gang of hackers who allegedly gathered more than a billion user names and passwords and a lot of other information. How did you react to the news? I kind of shrugged my shoulders about it. It’s news, sure, but as someone who reads about breaches daily and gets regular updates about what’s happening in the state of cybersecurity, my reaction was this: What user names and passwords could they have that haven’t already been breached at some point?

I’m not the only one who said this. Shortly after I told some friends on Facebook that they shouldn’t panic, I got this comment in an email from John Prisco, CEO with Triumfant:

This issue reminds me of an iceberg, where 90 percent of it is actually underwater. That’s what is going on here with the news of 1.2 billion credentials exposed. So many cyber breaches today are not actually reported, often times because companies are losing information and they are not even aware of it. Today, we have learned of a huge issue where it seems like a billion passwords were stolen overnight, but in reality the iceberg has been mostly submerged for years – crime rings have been stealing information for years, they’ve just been doing it undetected because there hasn’t been a concerted effort on the part of companies entrusted with this information to protect it.

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http://www.itbusinessedge.com/blogs/data-security/with-a-breach-this-large-time-is-on-your-side.html