Why #megabreaches are such a big deal

first_img 14SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr LinkedIn, MySpace, Tumblr and Fling all have something in common: they’ve been breached. Several popular websites, including those four, recently had consumers’ usernames and passwords stolen and sold on the black market. More than 640 million consumer records were potentially compromised, causing the media to coin the term “mega breach.”Although it doesn’t appear consumers’ credit card information was stolen as part of these mega breaches, their passwords and usernames may have been. If fraudsters successfully use these stolen passwords, there may be an influx in account takeover fraud. Affected websites are encouraging users to update and alter their passwords. They also recommend users monitor other accounts where they use the same username and password combinations.Community financial institutions (FIs) should share the following password tips with consumers to help ensure the safety of their online accounts. continue reading »last_img

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