Tether launches 'password management tool' to address breach of 1.6 billion passwords
Summary
- Tether announced the release of the offline-based password management tool 'PearPass.'
- This measure was introduced in response to a password leak incident involving more than 1.6 billion passwords.
- PearPass was reported to store all authentication information only on the user's offline device, not on the cloud.
Tether CEO Paolo Ardoino has unveiled the offline-based password management tool 'PearPass.' This measure aims to respond to what is considered the largest information leak ever, with more than 1.6 billion passwords leaked recently.
According to CoinDesk on the 20th (local time), the recent breach included a massive amount of login information from major platforms such as Apple, Meta, and Google. Cybersecurity experts described this as an "unprecedented major leak," warning that the risk of fraud and identity theft has greatly increased.
CEO Paolo stated, "Clouds have failed again. 1.6 billion passwords were leaked at once" and added, "It's time to abandon the cloud."
PearPass, newly unveiled by Tether, stores all passwords and authentication information not on the cloud, but only on the user's offline device.
Heecheol Yang
heecheol@bloomingbit.ioHello, I'm a reporter at bloomingbit
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