Security Nightmare with Hackers Releasing 1,000 Crore Passwords in Major Breach

Cyber-security breaches are becoming more and more prevalent and this is causing a lot of concerns amongst the public.

The report by Semafor claims that some 10 billion (1,000 crore) passwords have been leaked from a hacking forum online about a file that contains nearly 10 billion (1,000 crore) passwords. The incident that took place on July 4th is regarded as being among the largest cyber-security breaches that have been recorded in history. As a result of the massive leak, a credential stuffing attack could be performed with the help of this massive leak, highlighted the report. 

As a type of cyberattack, credential stuffing involves hackers stealing usernames and passwords from several related data breaches to gain access to other accounts owned by the same individual.

A significant increase in cyberattacks and malicious attempts to steal data in the past five years has led to an increase in the probability of financial harm becoming a worldwide problem, not only for individual citizens but also for governments and financial institutions spread around the globe. 

Cybersecurity reports state that around 10 billion passwords belonging to various people have been made public on global forums, whether they represent social media accounts or email accounts owned by individuals. There is no doubt that this was one of the biggest data breaches ever in the history of mankind. 

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