Aw Snap, Another 100,000 Passwords Fly Free

The IEEE (Institute of Electrical and Electronics Engineers) - who one would hope might know better - apparently had 100,000 passwords laying around on an ftp server's log files in plain text form. A Romanian researcher found them and informed the IEEE folks who took corrective action. Kind of discouraging when an entity that would certainly be considered by most as "tech savvy" presides over such a fustercluck.
Compromised IEEE members span practically every continent, with particularly high concentrations in the US, the UK, India and China. Of the 99,979 unique accounts exposed, 271 of them were "secured" with the password "123456," the second most used password was "ieee2012," while the third was "12345678."
Wait, what?