SKETCHY DETAILS: Unlike in the Target or Michaels breaches, the industry will have to "connect the dots over time" to assess the damage from the password theft, says Jeff Johnson.

Caution, Skepticism Follow News of Russian Password Mega-Heist

Financial institutions are on the lookout for spamming and spear phishing following news that a gang of Russian hackers stole 1.2 billion sets of usernames and passwords. But they're taking the reports with a grain of salt.

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