In response to The 773 Million Record "Collection #1" Data Breach, an expert with OneSpan offers perspective and advice:
Will LaSala, Director of Security Solutions, Security Evangelist, OneSpan says: This is a colossal breach. Those impacted should act fast to change any reused passwords, as the exposed credentials can be used by criminals in credential stuffing attacks to cause maximum damage across multiple other accounts. And with criminals trading assets in underground forums, data from this breach could easily be cross referenced with information lying elsewhere to bypass authentication. For the more high-risk accounts like banking accounts, this poses a very real fraud threat.
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