Normally the summer months tend to slow down as most traders like to get away for a short break and a little R and R. This year however has been different, as turmoil in the world stage continues. You only have to look at what is going on in the Ukraine, which continues to escalate with Putin's quest to restore the old Soviet Empire. Over in the middle east, the picture is grim and the hatred between Hamas and Israel shows no signs of a resolution. With all that going on, you would think that nothing else could come along to upset the apple cart.
The biggest news this week in my mind was not the Ukraine or the conflict between Hamas and Israel, it was the theft of 1.2 billion usernames and passwords!
This astounding feat was accomplished by a small group of eight Russian hackers. As you may recall, the US and Europe upped their sanctions on Russia, and tit for tat, Russia turned around and cut imports from both Europe and the US. I am afraid that the theft of 1.2 billion usernames and passwords is just another escalation of cyber warfare that Russia is spearheading against the West. Continue reading "1.2 Billion Passwords, Putin and Cyber-Warfare"