Authentication & Security

eBay Hacked 2.5 Months Ago, Says no Cards Compromised but Users Should Change their Passwords

Cyber Attacks nowadays have become a commonplace, with so many businesses as well as individuals transferring their data and information to internet based services. On 21st May 2014, eBay Inc released a statement that urged its users to alter their passwords as the company had become the victim of a cyber attack.

“Information security and customer data protection are of paramount importance to eBay Inc., and eBay regrets any inconvenience or concern that this password reset may cause our customers,” commented eBay, in a blog statement. “We know our customers trust us with their information, and we take seriously our commitment to maintaining a safe, secure and trusted global marketplace.”

  • eBay says that a database had been hacked between late February and Early March.
  • Cyber attackers compromised a tiny number of employee log-in credentials, allowing unauthorized access to the company's corporate network.
  • The hack resulted in the compromise of database containing passwords, names as well as other personal information of millions of eBay users.
  • To some relief however, eBay stated that it stores financial data and customer records in different places and that the accounts of PayPal were not affected by the data breach.

It is unclear at the moment how exactly the hack took place, but eBay says that it is working with law enforcement and leading security experts, and aggressively investigating the matter. The company is also applying the best forensics tools and practices to protect customers.

This is not the first time that eBay has been the victim of a cyber attack. Back in February, websites that belonged to eBay and PayPal UK were breached and defaced by the Syrian Electronic Army hacking group.

Barely a month back, web media giant AOL Inc. asked its tens of millions of email account holders to changed their passwords as well as security questions, after the compromise of around 2% of the company’s accounts by a cyber attack.

Recently, U.S retail giant Target had its systems hacked and around 40 Mn credit card numbers as well as another 70 Mn customer records were stolen.

Chiraag Patel

Chiraag Patel is a Senior Reporting Analyst and the Editor of Bitcoin and Virtual Currency channels at Lets Talk Payments. He is an engineer with deep interest in MMORPG, Virtual Banking, Game Currency and Virtual Cash. Chiraag enjoys Reading& Blogging with focus on New Innovation, Technology & Startups in the Payments Space.

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