A Sacramento area man was recently arrested and pled guilty to hacking into numerous email accounts of women the U.S. and U.K. The man gained access to the email accounts by using information found on their Facebook profiles to help determine possible email passwords. After gaining access to their email accounts he would scan their email folders for personal information and then share that information with the entire contact list in the hacked email account. The full story can be found here.
In the video below the Bay Area ABC affiliate interviews Atri Chatterjee, vice president of Symantec's User Authentication group, to provide commentary on this story and the security vulnerabilities that come with simple "username and password" type authentication.