Russian crime ring amasses Internet passwords | Better Business Bureau

A Russian crime ring has amassed the largest known collection of stolen Internet credential.

  • Wednesday, August 6, 2014 4:15pm
  • Business

The New York Times reported this morning that a Russian crime ring has amassed the largest known collection of stolen Internet credentials, including 1.2 billion username and password combinations and more than 500 million email addresses.

While details are still limited, including which companies have fallen victim or how the hackers conducted the breach, Better Business Bureau serving Alaska, Oregon and Western Washington urges consumers to protect their online accounts. The Times reports the hackers appear to be using stolen information to send spam on social networking sites like Twitter, and could be selling personal data on the black market.

BBB understands there is not much consumers can do to prevent data breaches from happening, but vigilance will help minimize the risk of falling victim to identity theft.

  • Change passwords. Never use the same password for every online account or website.
  • Monitor credit and bank statements. Go online to verify account information and do not wait for paper statements.
  • Set up alerts. Set up automatic activity alerts on banking and credit card accounts and with the three credit reporting agencies.
  • Report suspicious activity. Immediately report unauthorized charges and place a credit freeze on any compromised accounts.
  • Save receipts. Keep all receipts handy in case charges need to be substantiated.

Also visit OnGuardOnline.gov, a website run by the Federal Trade Commission, for more tips on avoiding scams and protecting your computer.

Scammers will likely take advantage of this high-profile public data breach to phish for personal information. Over the next few weeks, be extremely wary of unsolicited emails or phone calls from purported financial institutions. Do not click on links, download attachments or provide sensitive information—like Social Security numbers—to unknown parties.

Business owners: Make sure that your customers’ information is being protected. Check out BBB’s free Data Security – Made Simpler guide for businesses at bbb.org/data-security.

All Americans are entitled to one free credit report per year from each of the three credit bureaus; the only official source for these reports is at AnnualCreditReport.com.

Visit akorww.bbb.org for the latest consumer alerts and stay connected with the latest information from BBB on itsSocial Hub.

 

More in Business

Skilled trade jobs go unfilled in our robust economy

Known as blue collar jobs, they routinely pay $45,000 to $65,000 a year or more.

Streamlining regulations helps Americans compete

The cost of regulations is a key American competitiveness issue. It is a major reason our companies re-locate to other countries and our manufacturers and farmers have difficulties competing internationally.

Keep the holiday spirit all year long | Don Brunell

During the holidays, our thoughts naturally turn to giving — not just giving gifts, but donating our time and money to charities, disasters and community programs.

Finding balance in occupational licensing

Recently, the Institute for Justice (Institute) determined state licensing barriers for lower-income workers and aspiring entrepreneurs not only hurts people trying to establish themselves in a profession, but annually drives consumer prices up by $203 billion.

Remember 1993

Twenty-five years ago, business took a beating in Olympia. The swing to the left in the 1992 general election was swift and potent. It drove higher costs to employers and more government regulations.

Remembering Ed Carlson, Vietnam POW

Since last Veteran’s Day, Ken Burns’ in-depth documentary on the Vietnam War has aired. It is a powerful reminder of an unpopular war in which many “baby boomers” fought and died.

Rural prosperity essential to Washington

While Seattle is growing rapidly, our rural areas continue to struggle. They don’t have the corporate giants such as Amazon, Microsoft and Boeing creating jobs and economic opportunities. Farms are predominantly family-owned.

Amazon’s plan reminiscent Boeing’s Chicago move

Last year, Seattle Times aerospace reporter Dominic Gates wrote about the similarities and differences between Boeing’s corporate office move to Chicago and Amazon’s plan for a second headquarters.

LiveLocal98022 meeting cancelled

Bob Green, the night’s speaker, notified the organization he couldn’t attend due to an illness.

Expanded Panama Canal among challenges for Washington Ports

The $5.4 billion spent to expand the Panama Canal is paying off for East Coast and Gulf of Mexico seaports; however, it is putting more pressure on the Northwest to remain competitive.

Players taking a knee hurting the NFL | Don Brunell

On a recent Saturday afternoon in Portland, a young woman stepped onto the playing field at the beginning of the University of Montana vs Portland State football game and started singing our national anthem. She immediately drew a blank on the words and briefly stopped, but as she started apologizing, the fans spontaneously took up the singing.

New metal collecting machine may clean up contaminated waters

There is a new machine being tested in Montana which could decontaminate toxic mine tailings while recovering valuable precious minerals for everyday use.