IT Security Guru: Spamgate: 1.37 Billion Records Exposed – Industry Reaction

March 7, 2017 — Spamgate: 1.37 Billion Records Exposed – Industry Reaction

The Guru reached out to the cybersecurity industry to get thoughts on the River City Media database leak. NuData’s Robert Capps comments.

Spamming group, River City Media, led by well known spammers Alvin Slocombe and Matt Ferrisi, has had its database leaked. Yesterday, details were released of a massive, illegal spam operation. The situation presents a tangible threat to online privacy and security as it involves a database of 1.4 billion email accounts combined with names, user IP addresses, and even physical addresses. Chances are that you, or at least someone you know, is affected.

Robert Capps, VP of business development at NuData Security:

“It’s critically important that we ensure that we continue our efforts to inform the public about their safety, and the fact that 1.4 billion records are compromised in this breach bear this out. As disheartening as this is, we saw the Yahoo! breach last year. At this point we shouldn’t be shocked. We can all assume that personal records are being shared on the dark web – sometimes years after the breach occurs.

“Any breaches of personal information are of extreme significance and concern. With just a name and email address there are out sized risks from targeted phishing. Stolen consumer data can be combined with other personally identifiable information (PII) from other hacks and breaches to amass even more detailed profiles on users that are traded and sold for high value to hackers. These ‘bundles’ contain much more complete and increasingly dangerous information around specific individuals, meaning there are more opportunities for fraud to take place. For example, with enough data collected from separate breaches a fraudster can gain access to financial and geographical information with the intent to fill out a loan application or apply for a new credit card.

For the complete article, go here.