Posted by & filed under fraud, hackers, Privacy, Security.

Description: The FBI has linked a hacker to the theft of 1.2 billion internet credentials – the largest heist of its kind.

Source: BBC

Date: November 25, 2015

A hacker known as “mr.grey” is named in court documents filed by the bureau last year. Previously, “mr.grey” had advertised the credentials to Facebook and Twitter accounts for sale online.

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Questions for discussion:

1. What would be a more innovative way for companies to improve securities, at least to match the rate in which methods of breaching these securities occur?

2. Should companies be more liable for theft and loss as opposed to their customers and users?

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