Home

Ebay Tells its Users to Change their Passwords
Download PDF

Ebay, the online auction house and retailer announced in a press release on Wednesday morning that it had been hacked. According to the release written on Ebay Inc’s Website, “cyberattackers compromised a small number of employee log-in credentials, allowing unauthorized access to eBay’s corporate network…Working with law enforcement and leading security experts, the company is aggressively investigating the matter and applying the best forensics tools and practices to protect customers.”

A cyber-attack is any type of offensive maneuver employed by individuals or whole organizations that targets computer information systems, infrastructures, computer networks, and/or personal computer devices by various means of malicious acts usually originating from an anonymous source that either steals, alters, or destroys a specified target by hacking into a susceptible system.

  
What
Where


The cyber-attack took place between late February and early March of this year, but according to the Huffington Post, eBay only detected it two weeks ago. The company reported that it has seen no indication of increased fraudulent account activity on eBay. The company also said it has no evidence of unauthorized access or compromises to personal or financial information for PayPal users. PayPal data is stored separately on a secure network, and all PayPal financial information is encrypted. The compromised passwords were encrypted, so it is unclear if the hackers are able to read them and to use them elsewhere online.

“The scope for damage is absolutely huge and could be the biggest hack of all time, given the number of users eBay has,” Rik Ferguson, global vice president of security research at security software firm Trend Micro said, according to the Guardian.

When they were asked how many people were affected by the cyber-attack, eBay referred the Huffington Post to a webpage that simply states that the company is asking all 145 million of its active buyers to change their passwords. “Beginning later today, eBay users will be notified via email, site communications and other marketing channels to change their password. In addition to asking users to change their eBay password, the company said it also is encouraging any eBay user who utilized the same password on other sites to change those passwords, too. The same password should never be used across multiple sites or accounts,” the site reads.

Get JD Journal in Your Mail

Subscribe to our FREE daily news alerts and get the latest updates on the most happening events in the legal, business, and celebrity world. You also get your daily dose of humor and entertainment!!




According to the Guardian, in a statement, the auction site reported that its database was compromised between late February and early March. PayPal, the payment arm of eBay, also released a statement saying it was not affected and that financial information had not been compromised.

Want to work with eBay? Click here for all available employment opportunity with eBay Inc.



Image credit: www.neontommy.com



 

BCG FEATURED JOB

Locations:

Keyword:



Search Now

Attorney with 3-7 years of litigation experience

USA-IL-Chicago

Chicago office of our client seeks attorney with 3-7 years of litigation experience. The candidate s...

Apply Now

Defense Attorney with 3-4 years of litigation experience

USA-CA-San Francisco

San Francisco office of our client seeks defense attorney with 3-4 years of solid litigation experie...

Apply Now

Mid-level IP Litigation Attorney with electrical engineering experience

USA-CA-San Francisco

San Francisco office of our client seeks mid-level intellectual property attorney with 3-5 years of ...

Apply Now

Labor and Employment Attorney with 3-4 years of litigation experience

USA-CA-Los Angeles

Los Angeles office of our client seeks labor and employment attorney with 3-4 years of litigation ex...

Apply Now

RELEVANT JOBS

In-house Counsel / Securities Attorney

USA-NY-Manhattan

Multi-billion and growing Midtown-based Real Estate focused Alternative Investment Manager sponsorin...

Apply now

In-house Counsel / Transactional Real Estate Attorney

USA-NY-New York City

Multi-billion and growing Midtown-based Real Estate Private Equity firm sponsoring a multi-family NY...

Apply now

Associate Attorney

USA-MN-Hibbing

Busy Northern Minnesota practice seeking associate attorney preferably with general practice experie...

Apply now

Litigation Associate

USA-NV-Las Vegas

Bailey Kennedy seeks a litigation associate with one to four years of experience to work on complex ...

Apply now

Most Popular

SEARCH IN ARCHIVE

To Top