A hacker who claims to have stolen more than 164 million LinkedIn users now claims to have 360 million MySpace passwords and emails, which would rank as one of the largest password heists ever, according to Motherboard. Evidence suggests the data has circulated among hackers.
On Friday afternoon, the hacker, who goes by the name “Peace” put the hacked MySpace data for sale on the Real Deal darknet website for 6 bitcoin (about $2,800). He told Motherboard he will put the listing up for sale before others start spreading it.
When Was MySpace Breached?
Peace and a LeakedSource operator claim the MySpace data is from a previous breach that was never reported. LeakedSource is a search engine for paid hacked data.
Neither source provided evidence of the hacked data. However, Motherboard provided LeakedSource email addresses for two friends and three staffers with accounts on the site to verify the data. LeakedSource was able to send the passwords back for all five people.
LeakedSource, which announced the leak Friday in a blog, claims the database has 427,484,128 passwords and 360,213,024 emails. Each record in the dataset has a username, an email address, a password, and in some cases, a second password, the site claimed.
LeakedSource Offers To Remove Information
The blog advised MySpace users to contact LeakedSource if they find their information and have it removed free of charge.
The blog said LeakedSource does not engage in, encourage or condone unlawful entry into private systems.
Out of the 360 million, 111,341,358 accounts contained a username while 68,493,651 had a secondary password, according to LeakedSource. Some did not have a primary password.
Subscribers pay LeakedSource $2 per day to $265 per year for access to more than 1.6 million leaked or hacked records.
The data was given by Tessa88, LeakedSource noted. An operator for the site said, however, that they were not aware of the data breach’s origins. They also did not know who breached MySpace in the first place, nor who possessed the data in the interim or when the hack occurred. The data was bound to leak at some point, the source said.
The operator in an online chat said such secrets are bound to be broken, given the number of people who have the information. Once data is repeatedly traded, it finds its way to someone who divulges it.
MySpace did not return requests for comment.
The SHA1 algorithm, known to be easy to crack, originally “hashed” the passwords, the LeakedSource wrote. The company did not “salt” the passwords in the hashing process. Salting refers to adding random bytes at the end of passwords before hashing them, so they are harder to crack.
Will More Passwords Be Cracked?
LeakedSource expects to crack up to 99% of the passwords by month’s end, the operator said, although they did not say how many were cracked already.
MySpace, once one of the largest websites, has declined in use. But the site recently claimed to be approaching nearly a billion registered users and reported having 50 million unique monthly visitors.
If the numbers reported are correct, the breach is one of the largest data thefts ever. It also indicates MySpace either never learned of the breach or did not disclose it to users.
Hacked reported on Thursday that Peace was trying to sell emails and passwords of some 117 million LinkedIn users from a 2012 server breach.
Breach Shows Need For Security
The MySpace incident demonstrates that risks remain, even in instances of dormant accounts that contain personal information.
Motherboard encouraged MySpace users to change their passwords. More importantly, they should change their passwords elsewhere if they were using it elsewhere.
Motherboard also encouraged users to use a password manager such as 1Password or LastPass to ensure passwords are strong and different for every website.’
Featured image from Shutterstock.
Ethereum Notches Two-Month High as Bitcoin Offspring Triggers Volatility
Digital currency Ethereum climbed to a two-month high on Monday, taking some of the heat off Bitcoin and Bitcoin Cash, which have slumped since the weekend.
Ethereum Forges Higher Path
Concerns over Bitcoin created a favourable tailwind for Ethereum (ETH/USD), which is the world’s No. 2 digital currency by total assets. Ether’s price topped $340.00 on Monday and later settled at $323.54. That was the highest since June 20.
At its peak, ether was up 10% on the day and 70% for the month of August.
The ETH/USD was last down 2.2% at $315.02, according to Bitfinex. Prices are due for a brisk recovery, based on the daily momentum indicators.
Fractured Bitcoin Community
Bitcoin and its offshoot, Bitcoin Cash, retreated on Monday following a volatile weekend. The BTC/USD slumped at the start of the week and was down more than 3% on Tuesday, with prices falling below $3,900.00. Just last week, Bitcoin was trading at new records near $4,500.00.
Bitcoin Cash, which emerged after the Aug. 1 hard fork, climbed to new records on Saturday, but has been in free-fall ever since. The BTH was down another 20% on Tuesday to $594.49, according to CoinMarketCap. Its total market value has dropped by several billion over the past two days.
Analysts say that a “fractured” Bitcoin community has made Ethereum a more attractive bet this week. The ether token has shown remarkable poise over the past seven days, despite trading well shy of a new record.
Other drivers behind Ethereum’s advance are steady demand from South Korean investors and growing confidence in a smooth upgrade for the the ETH network. The upgrade, which has been dubbed “Metropolis,” is expected in the next several weeks. Its key benefits include tighter transaction privacy and greater efficiency.
Ethereum Prices Unaffected by ICO Heist
Fin-tech developer Enigma was on the receiving end of a cyber-heist on Monday after hackers took over the company’s website, mailing list and instant messaging platforms. The hack occurred three weeks before Enigma’s planned Initial Coin Offering (ICO) for September 11.
In addition to defacing the company’s website, the hackers pushed a special “pre-sale” ahead of the ICO. While many users realized it was a scam, 1,492 ether tokens – valued at $495,000 – were directed into the hackers’ cryptocurrency wallet by unsuspecting backers.
The irony in all this is that Engima is a cryptography company that prides itself on top-notch security protocols. The company issued a statement that its servers had not been compromised.
Ethereum Prices on Track for 35% Monthly Drop
It has been a difficult month for ethereum. The world’s No. 2 digital currency has lost a third of its value over the past 30 days following a series of cyber breaches targeting vulnerable wallets and ICOs.
Ethereum Struggles to Regain Momentum
Ethereum (ETH/USD) was trading near $197.00 Sunday at 6:30 BST, according to Bitfinex. That represents a decline of around 5%. At current values, ethereum’s market cap was $18.4 billion.
The ETH/USD exchange rate has struggled throughout July, with prices briefly falling below $160.00. The decline, which amounted to a 60-day low, lured bargain-hunters back into the market. After surging back toward $250.00, the ETH/USD has consolidated below the $220-mark, which continues to offer strong resistance. On the opposite side of the spectrum, major support is located at $180.00.
A price recovery may prove elusive in the short-term, with the Relative Strength Index (RSI) and Stochastic indicator signalling weak underlying momentum.
Despite its recent decline, ethereum’s value has surged more than 2,200% this year.
Cyber Attacks, SEC Weigh on Market
The ethereum network suffered a large-scale cyber breach earlier this month resulting in the loss of tens of millions of dollars. A community of ethical hackers quickly banded together to “rescue” hundreds of millions of dollars worth of tokens.
Blockchain-based trading platform Coindash was also hijacked during an initial coin offering (ICO). The breach exposed Coindash’s ether wallet address, resulting in the loss of $7 million worth of ether.
The Securities and Exchange Commission (SEC) has also taken an interest in the ethereum-based ICO market. Last week, the regulator concluded that a certain multi-million dollar token sale last year violated securities law. Although ICOs have been compared to crowd-sourcing, the SEC maintained that some tokens were in fact securities.
Analysts say the SEC ruling could impact the future of ICOs, although it remains unclear how the regulator is pursuing this market. The SEC’s July 25 press release cautions investors about ICOs in general.
Coders Safeguard Vulnerable Ethereum Wallets Following Security Breach
Ethereum suffered large-scale security breaches last week after anonymous hackers targeted vulnerable wallets in the network, resulting in the loss of tens of millions of dollars. However, it didn’t take long for a volunteer group of coders to “rescue” the funds in 500 at-risk wallets before the same attackers could get to them too.
White Hat Group Takes Charge
The so-called White Hat Group showed initiative by “rescuing” the funds using the same techniques the thieves employed to compromise $32 million USD worth of ether from three multi-signature wallets. As of Monday, the White Hat Group of ethical hackers was in possession of $86 million worth of ether and an additional $122 million in tokens.
Tokens are digital assets that are sold during an Initial Coin Offering (ICO) fundraising event. They have proven to be extremely popular.
Tens of millions of dollars worth of ether and tokens have already been returned to their owners. The White Hat Group says it will issue full refunds by the end of July.
Blockchain-based trading platform Coindash was also breached last week, resulting in the loss of more than $7 million worth of ether.
Security Breaches Nothing New in Crypto World
For all its benefits, cryptocurrency has been vulnerable to several high-profile security breaches. Last summer, Hong Kong-based Bitfinex was the target of a major attack that resulted in the theft of around $70 million worth of bitcoins. In response, the exchange announced a controversial plans to “socialize” its losses among all users. Each Bitfinex trader was docked 36% as a result.
Bitcoin prices declined sharply following the attack, stopping what had been a blistering summer of gains.
Ethereum Enterprise Alliance
For anyone doubting the potential of the ether, take a look at the list of companies participating in the Enterprise Ethereum Alliance (EEA). The EEA is a forum that connects Fortune 500 companies, startups and academics with ethereum subject matter experts. The EEA is made up of multinational banks and some of the world’s biggest technology companies.
The forum has made cyber security a top priority, according to a May 22 press release. In the release, companies like Infosys, Mitsubishi UFJ Financial Group, Synechron and others expressed their intent to contribute to the future of ethereum’s security.
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