Connect with us

News

Help!! Hacker breaks, releases staggering 10 billion passwords, what you must do now! Read what cyber experts say

Published

on

By Kayode Sanni-Arewa

Cyber experts have urgently warned people to update their passwords after a hacker uploaded billions of login details.

The leak, called RockYou2024, was posted on July 4th containing a staggering 10 billion passwords from a compilation of old and new data breaches.

Researchers who revealed the leak said the information could allow hackers to target any system that isn’t protected by strict security software including online and offline services, online cameras and industrial hardware.

Advertisement

This could prompt a wave of data breaches, financial fraud and identity theft using the passwords, which were collected from more than 4,000 databases over the last two decades.

Cybernews researchers revealed that a hacker released a staggering 10 billion passwords collected from 4,000 database.

The user, who goes by ObamaCare, used 8.4 billion passwords from an earlier crime forum released in 2021 and cracked 1.5 billion new passwords

Researchers at Cybernews who investigated the hack said the perpetrator goes by the name ObamaCare.

Advertisement

The person appeared to use 8.4 billion passwords from an earlier crime forum released in 2021.

However, an additional 1.5 billion new passwords were obtained from records from 2021 to 2024.

‘Xmas came early this year,’ ObamaCare wrote on the forum.

‘I present to you a new rockyou2024 password list with over 9.9 billion passwords.

Advertisement

The hacker added that they ‘also cracked some old ones with [their] new 4090,’ – a high-end Nvidia graphics card – containing ‘actual new real passwords from users.’

The file was released in a 45.6-gigabyte zip archive using leaked records from sites like X (formerly Twitter), AdultFriendFinder, MyFitnessPal, LinkedIn and Adobe.

The top two impacted brands are Chinese-based companies that far surpass other online companies.

They include 1.5 billion from Tencent – a tech company that provides internet services – and 504 million from social media platform Weibo.

Advertisement

‘In its essence, the RockYou2024 leak is a compilation of real-world passwords used by individuals all over the world,’ the researchers said, adding ‘revealing that many passwords for threat actors substantially heightens the risk of credential stuffing attacks.’

Credential stuffing occurs when hackers use a password from one data breach to log in to an unrelated service like using a password obtained from the AT&T leak to see if the person uses the same password for their bank account.

Cybernews told Forbes that its researchers have been in contact with the hacker and are working to investigate the datasets and the roughly ‘30 gigabytes of combo lists from which data was extracted.’

Users can check if their password was leaked by visiting the Cybernews site and entering their password.

Advertisement

As a preventive measure, users should immediately reset their leaked passwords on all accounts and select strong, unique combinations that aren’t used on multiple platforms.

They should also enable multi-factor authentication which provides a second level of security by requiring verification like facial recognition or a PIN in addition to the passwords.

‘There really is no excuse not to use unique passwords for every single account as data breaches unfortunately continue to occur and grow,’ Jake Moore, the global cybersecurity advisor for security vendor ESET told Forbes.

‘Luckily, password managers are easier than ever to use and implement into daily life. Plus they offer the hard part of password generation and the secure storing of these complex codes.’

Advertisement
Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

News

Brain Drain, Infrastructure, Resource Allocation Challenges Of Health Sector – Reps

Published

on

By Gloria Ikibah
The House of Representatives has highlighted the detrimental impact of the mass migration of health workers from Nigeria, describing it as a major challenge to the country’s healthcare system.
The Chairman, House Committee on Health Institutions,  Rep. Amos Magaji, stated this during a public hearing on 16 bills aimed at establishing various health institutions, on Thursday in Abuja.
Rep. Magaji underscored the need for better distribution of healthcare facilities, particularly in rural areas, to address population growth and healthcare gaps.
He noted, “Recently, there has been an enormous migration of doctors, nurses, and other health workers in search of ‘greener pastures,’ leaving Nigeria’s health sector severely understaffed. To improve the sector, we must invest in human resources, medical intelligence, and the administrative appointment of capable persons based on merit.”
The Chairman also brought to light the infrastructural deficiencies in healthcare institutions across the country, citing inadequate funding, lack of maintenance, and insufficient equipment as recurring issues.
The Minister of Health, Prof. Mohammed Ali Pate, represented by Dr. Jimoh Olawale Salahudeen, in his submission warned against the duplication of health institutions, and stated that such efforts would strain the already scarce resources.
He explained, “Existing Federal Teaching Hospitals and Medical Centers in Nigeria, including those in the North West, already provide cardiovascular care and related services. Establishing a new institute would add financial burden without addressing the core issues.”
Pate also acknowledged the migration of health workers and the need for a stronger workforce to handle emerging health challenges.
“The Federal Ministry of Health supports the establishment of new institutions but insists on considering geographical spread, population density, and disease burden in proposed locations,” he added.
The hearing emphasised the need for balanced development in the healthcare sector, adequate funding for existing institutions, and policies to retain health professionals in Nigeria.
Continue Reading

News

Access Bank (UK) Limited to Acquire AfrAsia Bank Limited

Published

on

By Gloria Ikibah
Access Holdings PLC has announced that its subsidiary, The Access Bank UK Limited (“Access UK”), has signed a binding agreement to acquire a majority stake in AfrAsia Bank Limited, the third-largest bank in Mauritius by total assets.
Mauritius, known for its strong financial sector, which contributes 13.4 per cent to its GDP, offers Access UK a strategic base to grow its personal and corporate banking services.
This was contained in a statement by its Company Secretary, Sunday Ekwochi, made available to Naijablitznews.com on Thursday.
According to Ekwochi, the acquisition will also position Mauritius as a hub for Access Bank’s trade finance operations, enhancing its ability to manage cross-border transactions across Africa and internationally.
AfrAsia Bank, as of June 30, 2024, reported total assets of over $5.7 billion and a net profit after tax of $152.4 million, underlining its solid financial position.
**Key statements on the acquisition:**
– Managing Director/CEO of Access Bank Plc, Roosevelt Ogbonna, speaking on the acquisition said:  “This acquisition is a crucial step in our African growth strategy, strengthening our position as a top Pan-African financial institution. Mauritius’ role as a financial hub aligns with our vision to unlock opportunities that drive trade, support businesses, and promote economic inclusion across the region.”
Also Managing Director of Access Bank UK, Jamie Simmonds, stated: “AfrAsia Bank’s strong balance sheet and established brand in Mauritius give us a solid platform for sustainable growth. This deal supports our strategy to diversify earnings and provide clients with seamless access to global markets.”
Access Bank UK aims to promote sustainable growth, deliver innovative financial solutions, and support trade between Africa and the world.
The acquisition process will be finalized in the coming months, with updates provided as needed.
Continue Reading

News

FEC approves ₦47.9tn 2025 budget

Published

on

By Kayode Sanni-Arewa

The Federal Executive Council, FEC, has approved a proposed national budget of ₦47.9 trillion for the 2025 fiscal year.

Minister of Budget and Economic Planning, Atiku Bagudu, disclosed this on Thursday while briefing State House correspondents after the FEC meeting presided over by President Bola Tinubu.

This was part of the Medium-Term Expenditures Framework, MTEF, for 2025 to 2027 and in line with the Fiscal Responsibility Act of 2007.

Advertisement

“And equally, the fiscal objectives were conservative, because we want to ensure that we study the course much as we believe the projections will be exceeded.

“The budget size that was approved for presentation to the National Assembly in the MTEP is ₦47.9 trillion, with new borrowings of ₦9.2 trillion to finance the budget deficit in 2025,” Bagudu said.

“We need to sustain the market deregulation, commendable market deregulation of petroleum prices and exchange rate, and to compel the Nigerian National Petroleum Corporation Limited to lower its oil and gas production cost significantly, and even to consider the need to amend the relevant sections of the petroleum industry act 2021 to address the significant risk to Federation.

“The Federal Executive Council approved the Medium Term Expenditure Framework and the physical strategy paper, and it will be submitted to the National Assembly.

Advertisement

“This is in addition to bills that are already at the National Assembly, the economic stabilization bills and tax reform bills, which we believe we will have a very, very strong growth in 2025.”

During the meeting, the FEC approved its submission to the National Assembly as required by the 2007 Fiscal Responsibility Act.

The framework projected a gross domestic product (GDP) growth rate of 4.6 percent, an exchange rate of $75 to the naira, and oil production of 2.06 million barrels per day. [Channels TV]

Advertisement
Continue Reading

Trending

Copyright © 2024 Naija Blitz News