Tuesday, May 31, 2016

Hack puts another 427 million passwords up for sale

In another haunting hack from the past, Time Inc. has confirmed the theft of 427 million passwords from MySpace, the aging social networking site the media company acquired just three months ago.

The records were offered for sale on the dark web by the same hacker who posted for sale a trove of 117 million stolen LinkedIn passwords nearly two weeks ago. The posted price for MySpace credentials is 6 bit coins or about $3,200 at today's rate.

The MySpace incident is tied to a June 11, 2013 hack, according to LeakedSource, while the LinkedIn episode dated back to 2012. LeakedSource is the same web site that confirmed the LinkedIn theft.

The important similarity of these dated incidents lies in the fact that hackers could use these recently posted stolen passwords to break into current accounts of victims who re-use passwords across many sites, including banking and health services.

Read John Fontana's complete article at www.zdnet.com/article/myspace-hack-puts-another-427-million-passwords-up-for-sale/.

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