New Zealand Hacker Is Selling 1.5 Million Facebook Usernames and Passwords

A Verisign internet security group entitled iDefense has found that a hacker is attempting to sell one and a half million social networking usernames and passwords, and the more friends an account has, the more expensive the account. This is an unprecedented type of sale and could be the result of all the phishing scams that have been recently occurring. The hacker claims to live in New Zealand, although other rumors put him in Russia, and he apparently already sold 700,000.