[2014-08-06] More than a billion passwords stolen by russian gang

[dwdoc]

http://www.nytimes.com/2014/08/06/technology/russian-gang-said-to-amass-more-than-a-billion-stolen-internet-credentials.html?_r=0

Demonstrates importance of cryptocurrency's  pseudonymity.
Shows why NY has it backwards.
By mandating centralization of personal data they are creating more, not less, opportunity for crime.

[1713567715]

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[1713567715]

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[Kprawn]

"In December, 40 million credit card numbers and 70 million addresses, phone numbers and additional pieces of personal information were stolen from the retail giant Target by hackers in Eastern Europe."

That is massive! and shows how much work needs to be done, to secure the traditional payment methods like credit and debit cards. Something they might learn from BTC it seems.

The BTC protocol have only been compromised once, and rectified almost emmediately, because it was viewable publically and spotted quickly. Compare that to the amount of times credit cards and debit cards are being hacked daily. 

[bitsmichel]

Centralized systems are by default less secure, it has one single entry for attack. The user base is just massive, and I think this is one of the reasons why a system like Bitcoin is superior to centralized systems.

"In December, 40 million credit card numbers and 70 million addresses, phone numbers and additional pieces of personal information were stolen from the retail giant Target by hackers in Eastern Europe."

"russian gang said to amass more than a billion stolen internet credentials"

Russian or somewhere from eastern europe? 

[murraypaul]

"In December, 40 million credit card numbers and 70 million addresses, phone numbers and additional pieces of personal information were stolen from the retail giant Target by hackers in Eastern Europe."

That is massive! and shows how much work needs to be done, to secure the traditional payment methods like credit and debit cards. Something they might learn from BTC it seems.

The BTC protocol have only been compromised once, and rectified almost emmediately, because it was viewable publically and spotted quickly. Compare that to the amount of times credit cards and debit cards are being hacked daily.  

"Credit and Debit cards" are not being hacked. Individual companies storing data are being hacked.
That isn't the equivalent of the Bitcoin protocol being compromised, it is the equivalent of exchange/wallet sites being hacked.
And that has happened.... quite a lot.
As a proportion of total currency, do you think a greater %age of USD has been lost through credit/debit card hacks and scams or of Bitcoin lost through hacks and scams?
I'm betting on the latter.

[goxed]

anybody has link to the pastebin?

[u9y42]

"In December, 40 million credit card numbers and 70 million addresses, phone numbers and additional pieces of personal information were stolen from the retail giant Target by hackers in Eastern Europe."

"russian gang said to amass more than a billion stolen internet credentials"

Russian or somewhere from eastern europe? 

Well, Russia is in eastern Europe, right? ...as well as all throughout northern Asia.

[freedomno1]

I've been a bit concerned since the vulnerabilities range
That said the hackers are nice using them for spam e-mail and not stealing the financial information instead I guess that it pays more to have those accounts in use than to reveal the vulnerability.

There is worry among some in the security community that keeping personal information out of the hands of thieves is increasingly a losing battle.
Until crytography levels it up that is.

[Poker Tilt]

http://www.nytimes.com/2014/08/06/technology/russian-gang-said-to-amass-more-than-a-billion-stolen-internet-credentials.html?_r=0

Demonstrates importance of cryptocurrency's  pseudonymity.
Shows why NY has it backwards.
By mandating centralization of personal data they are creating more, not less, opportunity for crime.

a million password willl not give effect anything as we  know hacker can see anything what they type or monitoring live your pc . its now give anything +