Following the news that a hacker is allegedly advertising more than one hundred million LinkedIn logins for sale, Mishcon de Reya Cybercrime Partner, Hugo Plowman, commented:
"This is another in a long line of hacks against big name brands. What strikes me about this one is the value and currency of the data some four years after the cyber-attack took place - we are seeing hackers capitalising on the chance to monetise a data theft. In this case, data that might otherwise be considered stale has been put up for sale long after LinkedIn thought it had dealt with the problem.
"LinkedIn was a perfect target for hackers with its blend of private and business sensitive data. The login details of over 100million users grants cyber criminals access to a treasure trove of information that can be used to commit fraud.
"Generally speaking, the more private and sensitive the information, the more attractive the site will be to hackers. So whether it is your sex life (Ashley Maddison) or your bank details (TalkTalk) that you want to keep confidential, this is a reminder to individual users to be cautious about sharing sensitive data online and to be mindful of who else might be targeted to gain access to your personal and confidential information: the greatest threat to cyber security are the people who use the hardware and software. Hackers know this and deliberately target people to gain access to the information that they hold, often enabling them to bypass security measures. Raising awareness and training people can help mitigate against this risk.
"There are legal steps that can be taken to identify hackers, recover data and prevent its misuse that are presently being overlooked by some businesses. Asset recovery action should be part and parcel of any crisis response plan."
Growth Business: 'staying one step ahead of the darknet'