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article imageeBay suffers cyberattack, forces password change

By Daniele Polizzi     May 21, 2014 in Internet
Internet trading giant eBay announced on Wednesday that it had been hit by a cyber attack, prompting the company to issue a statement requesting their clients change their account password for security reasons.
In the statement, it said that beginning late on Wednesday, eBay users would be notified via email, site communications and other marketing channels to change their password. In addition to requesting its users to change their eBay password, it would also encourage its users who used their eBay password on other sites to change those passwords as well.
"eBay regrets any inconvenience or concern that this password reset may cause our customers," the company explained. "We know our customers trust us with their information, and we take seriously our commitment to maintaining a safe, secure and trusted global marketplace."
No financial or other private personal information was believed to have been obtained by the hackers, but the attackers, who used employee credentials to gain access to the company’s corporate network between late February and early March, made off with a database that contained users’ names, encrypted passwords, email and physical addresses, dates of birth and phone numbers.
The statement further stated that it had found no evidence of unauthorized activity in the compromised accounts since detecting the breach in security two weeks ago, but that a change of password would be advisable to avoid any potential risks, notwithstanding the fact that the passwords are encrypted and theoretically cannot be deciphered.
Today’s announcement was made following two weeks of wide-ranging forensic analysis and investigation, made in conjunction with law enforcement and security experts, which eventually revealed the compromised database.
The company, only the latest victim of a spate of cyberattacks of this kind in recent times, has 148 million active users worldwide, but did not reveal how many of those account holders’ information had been lifted, though a spokesperson for the company made it clear that a large number of accounts have been impacted.
The hackers responsible for the attack have not yet been identified.
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