Expert Reaction On Millions of LiveAuctioneers Passwords for Sale

Researchers at CloudSEK claim to have found evidence of the sale of a database containing 3.4 million users of online art and antique auction website.

 

 


EXPERTS COMMENTS
Chloé Messdaghi, VP of Strategy,  Point3 Security
July 14, 2020
Given the major amounts of monies involved in some of the art auctions on LiveAuctions, its customers should expect far better security.
This company has completely failed its customers. I went on the site and started an account with the simplest of passwords: password. And then, I was immediately asked to enter my credit card data. There was no 2FA, and no request for a longer and strong password with upper and lower cases, symbols or letters. Given the major amounts of monies involved in some of the art auctions on LiveAuctions, ....
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Laurence Pitt, Global Security Strategy Director,  Juniper Networks
July 14, 2020
Laurence Pitt, Global Security Strategy Director at Juniper Networks
“While there is nothing to say that the stolen data came from a single breach, what this emphasizes is the need for people to regularly update passwords and use 2FA wherever possible. With tools like Microsoft Authenticator and 1-Password making this so easy, there’s really no excuse for old and recycled passwords today. The unfortunate reality is that hackers will steal whatever data they ca ....
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Saryu Nayyar, CEO,  Gurucul
July 14, 2020
When it comes to protecting corporate assets, the best way to identify account compromises or account takeovers is with behavior analytics.
Account compromise attacks continue to net profits to cybercriminals. You should always use unique usernames and passwords for every application and system you touch. Hopefully, LiveAutioneer customers did not reuse their username/password combinations for any other systems or applications. When it comes to protecting corporate assets, the best way to identify account compromises or account takeov ....
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Chris Hauk, Consumer Privacy Champion,  Pixel Privacy
July 14, 2020
I strongly urge Live Auctioneers customers to change the password for their account on the affected site.
It's a bit ironic that users of an auction site are now seeing their login credentials and personal details being auctioned off to the highest bidder. Data breaches such as this one should prove a fair warning to all online users to stay away from using the same login and password combination on multiple websites. It should also provide a warning to websites and services that persist in encrypting ....
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Paul Bischoff, Privacy Advocate,  Comparitech
July 14, 2020
MD5 was proven vulnerable in 2010 and successful major attacks started emerging as early as 2012.
The use of MD5, an obsolete hash algorithm is a major oversight by LiveAuctioneers et al. MD5 was proven vulnerable in 2010 and successful major attacks started emerging as early as 2012, so there's really no reason to be using it a decade later. Despite that, MD5 is still widely used, including for password hashing. Organisations still using MD5 should immediately upgrade to SHA2 or better. Live ....
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