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Continued: Blogger who exposed Target data breach sheds light on digital underground

  • Article by: NICOLE PERLROTH , New York Times
  • Last update: February 17, 2014 - 8:20 AM

This is where Krebs comes in

Unlike physical crime, online thefts are hushed up by companies that worry the disclosure will inflict more damage than the theft, allowing hackers to raid multiple companies before consumers hear about it.

“There’s a lot going on in this industry that impedes the flow of information,” Krebs said. “And there’s a lot of money to be made in having intelligence and information about what’s going on in the underworld. It’s big business but most people don’t want to pay for it, which explains why they come to someone like me.”

Krebs is “doing the security industry an enormous favor by disseminating real-time threat information,” said Barmak Meftah, chief executive of AlienVault, a threat-detection service. “We are only as strong as our information. Unless we are very specific and effective about exchanging threat data when one of us gets breached, we will always be a step behind the attackers.”

The tally of victims from the breaches at Target, Neiman Marcus and others now exceeds one-third of the U.S. population.

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