Earlier quoted context omitted.
I'm kind of tired of the "Security is hard, every one gets hacked eventually and we are just victims" mentality. This is not true. Why don't we see peoples banking information plastered over the web every month? That if something would be a high value target. No, it's always these Web 2.0 services this happens to. Now, you could argue that a small SAAS service can not possibly afford security as rigorous as a bank, b…
I invite you to research this topic more thoroughly. First, while there is a recent uptick in breaches, newsworthy ones do not happen every month. There does appear to be something of a clustering effect, which I think is attributable to a number of different causes. [1] Second, banks, even very large ones like Citigroup and Chase, have been compromised in recent memory. [2] Even the IRS suffered one of the largest b…
Then breaches only reveal emails and a pair of hashes, so to control the account you need to control the email.