Most Expensive Hacks In The History of the Internet

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all your online accounts secure! There are various reasons why we might call
a hack expensive. It might be that information was hacked which
led to money being stolen, either from a company or from people whose financial details were
taken. Sometimes a hack just causes so much damage
that it might be expensive because of its destructiveness, not what the hackers actually
stole. And then a company or organization might lose
money from legal cases due to it having lax security that let the hackers inside in the
first place. Because of all the ways hacks may have cost
people, companies and organizations money, it’s not easy to give an exact number in
terms of expense. But the media has published ballpark figures. Let’s have a look at some of those figures,
in this episode of the Infographics Show, Most Expensive Hacks in The History of the
Internet. 10. Anthem
Anthem Insurance was hacked in 2015 and it’s said in all it cost the company about $115
million. About 79 million Americans had their names,
addresses and social security numbers stolen along with other information. This information was very valuable as it could
be used to create new identities. The company had to either pay out cash to
those affected or at least monitor their credit for a period of two years. At the time lawyers said it was the “largest
settlement ever for a data breach.” The malware used, called Sakula, was used
in other hacks for which Chinese nationals were blamed. This was indeed a massive hack, but it pales
in comparison to some of the others hacks you are about to hear about. 9. Heartland Payment Systems
In 2008, Heartland Payment Systems, since acquired by Global Payments, had its servers
infected with malware. That malware led to 100 million credit cards
and their information being stolen. With that information, we are told, the thieves
could fabricate new cards. It’s said this cost the company about $140
million. In 2010, a man called Albert Gonzalez was
sentenced to 20 years for that hack and other hacks. It’s said he had so much cash he spent $75,000
on his birthday bash and counted his money using a machine. We guess hacking payed, but not for long. When he was arrested the cops found $1.6 million
in cash on his properties. He didn’t work alone, though, and his team
was also imprisoned but for shorter sentences. 8. TJ Maxx
American department store chain TJ Maxx was hacked in 2007 but unbelievably the hacking
went undetected for a period of 18 months. In that time the information from around 45.7
million credit and debit cards of customers was taken. The store first reported that the cost of
the hack was $118 million, but that later went up to $162 million. It was huge at the time, with security experts
saying that it “will probably serve as a case study for computer security and business
students for years to come.” Some time after it was revealed that the hackers
had gotten into the system by breaching weak wi-fi security. 7. Target
The U.S.’s Target department store chain was hacked in 2013 and it’s said it cost
the retailer around $162 million (some sources say even more). In 2018, The Washington Post wrote that a
Latvian man had been arrested and sentenced to 14 years in prison for the hack. This man, along with others, reportedly stole
credit card information from about 40 million Target shoppers. According to other sources the hackers collected
this information and then sold it on the darknet. 6. Sony PlayStation
In 2011, hackers found their way into Sony Playstation’s digital data room. Some reports say that information was stolen
from around 100 million users, although a Guardian report at the time said 77 million. That information consisted of people’s names,
addresses, email addresses, logins, passwords, birthdates and even security questions. As Playstation users give credit card details
to pay for things, these were also taken by the hackers. Sony then put out a statement, “To protect
against possible identity theft or other financial loss, we encourage you to remain vigilant
to review your account statements and to monitor your credit or similar types of reports.” Forbes later wrote that the hack set Sony
back a whopping $170 million. Forbes also wrote that Sony didn’t say how
it had lost that amount, as it wasn’t exactly stolen. It seems the losses came from losing customers
and fixing security. 5. Hannaford Bros
When supermarket chain Hannaford Bros was hacked in 2007 it’s said millions of American
credit and debit card numbers were stolen. Banks in the U.S. then had to do a lot of
work and close accounts and reissue cards. It’s said this cost the company around $252
Million. Even though about 4.2 million cards were breached,
only around 1,800 cases of fraud were reported. Reports said charges against these stolen
numbers were showing up as far and wide as Mexico and Bulgaria. It seems malware got into the company servers,
and at the time Hannaford Bros had no idea how it got there. 4. Petya/NotPetya
This hack infected computers of shipping companies, law firms, ad agencies and more. It’s said once the malware was on a machine
it would infect others, completely destroying records of companies. Many of these infections happened in Ukraine,
but global companies such as FedX, Maersk and pharmaceutical firm Merck, were victims. FedX said the hack cost it around $300 million,
while Maersk was said to lose a similar amount. Many smaller companies lost smaller amounts. What was the point in all this? It was ransomware, so the companies were asked
to pay their way out of the attack. Security experts said these companies could
have prevented the attack by updating Microsoft security and also patching software. 3. Equifax
In 2018, Reuters called this 2017 hack the costliest corporate hack in history. Like with most other hacks, the exact amount
lost is not known. Reuters reports that the number was about
$439 million. Cnet wrote that 147.7 million Americans had
their information exposed during this hack. This included customers names, social security
numbers, addresses and birthdates. Equifax said it would build a stronger system
of security and become a stronger company in general, and it seems lucky so far in that
it hasn’t faced any fines. 2. Epsilon
When this happened in 2011 it was called the hack of the century and also the “largest
name and email address breach in the history of the Internet.” The company, which did marketing for over
2,500 firms, had millions of emails taken from its database. It was reported that in total the company
lost around $4 billion in all due to lost business, fines, audits, and legal cases,
while the theft itself was said to make the hackers a mere $2 million. 1. WannaCry
It’s said that these ransomware hackers only received about $140,000 in bitcoin from
their mission, but we must remember that they infected around 200,000 computers in around
150 countries. This caused untold mayhem in 2017, and while
reports suggest the cost could have been in the millions, a security expert talking to
CBS news said the cost was more like $4 billion. We may never know as counting up these costs
is problematic given the extent of the attack. We are told the worst hit nations were Russia,
Ukraine, India and Taiwan, with some very big companies and organizations being a victim. We all likely remember how this hack affected
the British National Health Service. Who was behind it? Word on the street is North Korea, though
the country has said blaming them is just more western propaganda. Having any of your online accounts or credit
cards hacked can be seriously expensive, and many of the people in our episode today could
have used some extra security. Luckily for you, Dashlane has your back. Dashlane auto-generates and stores super strong,
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for a free 30 day trial, and if you use the coupon code ‘infographics’ you can get
10% off a premium subscription today! From what we can see, these were the biggest
hacks ever in terms of what was lost. But we may have missed something and you might
know what we missed. If you can add to the list tell us in the
comments. Also, be sure to check out our other show
10 most dangerous hackers of all time. Thanks for watching, and as always, don’t
forget to like share and subscribe. See you next time.

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