The year of the hack

Not sure what it is? Well it usually begins with the release of damning information about the size of a threat by a security vendor. Once the requisite fear has been created, the selling begins.

Don’t get me wrong, reporting is critical, and more independent research is needed on the nature, impact and effectiveness of responses to cyber threats.

Purchasing and keeping current security software is also important. But the recent behaviour of a minority in the industry gives us some cause to double check the bona fides.

CNet described last year as “the year of the hack”. Target, eBay, Snapchat, JPMorgan and Sony Pictures were among the corporates that pushed the number of records compromised to all time highs.

A good indicator of the legitimacy of these claims was the public reaction by the organisations themselves. A source of admission if you will. A less clear picture emerged from within the security industry.

Not included in “the year of the hack” stats were claims made by Hold Security, a self-proclaimed information security and investigations company based in the US.

In August last year reports emerged that Hold Security had uncovered the largest data breach ever known: a total of 1.2 billion usernames and passwords, the identities of which remained a closely held secret. The claims by Hold Security reverberated around the world.

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Source: Sunshinecoast Daily

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