Russian hackers part of a crime ring have been targeting users on social networks after stealing a record 1.2 billion records.
The hackers infected over 420,000 websites and stole usernames and passwords, as well as stealing more than 500 million email addresses.
This is one of the largest hacking crimes of the 21st century and is being looked into with a fine tooth comb, New York Times reports Hold Security is not naming the victims but do reveal the discovery of the Russians stealing info from websites including small Internet sites and household names, it also includes the theft last year of millions of records from Adobe Systems.
For them to steal usernames and password information it is clear they could be used for multiple services, as far as reports show no records have been sold online yet, but information published on the likes of Twitter is showing up but these are spam, which the hackers collect money from.
The stolen info is being used on social networks according to sources, Hold Security have been monitoring the Russian hacking crime ring group, which consists of a few dozen members.
Please visit New York Times above for in-depth information, it has been said software developers should visit the OWASP Proactive Controls list, which can help get rid of web app vulnerabilities.