According to the firm, around late February or early March, cyber thieves stole sensitive customer information, such as: email addresses, encrypted passwords and birth dates. And while it said no financial information was compromised, the situation was serious enough for the company to urge its 145 million users to change their passwords.
eBay’s spokesperson, Kari Ramirez, admitted that a large number of accounts were hacked, but she refused to specify how many. But regardless, it underscored the fragility of our personal information.
Julia Horwitz, of the Consumer Protection Counsel (at Electronic Privacy Information Center), isn’t surprised at all by this cyber attack: “Unfortunately, I wasn’t all that surprised to see there had been another data breach. Over the past year, we’ve heard a lot about internet firms having their databases breached.”
Hackers Here, Hackers There, Hackers Everywhere
Companies across the world are making data security and cyber-crime measures a top priority. In fact, five large corporations, as well as a union, have accused five Chinese military officers of stealing their trade secrets. The matter has snowballed into an international incident, creating a rift in U.S.-Chinese relations. According to Attorney General Eric Holder, the United States will not tolerate any nation’s actions to illegally sabotage American companies…
As if the warnings weren’t loud enough, these recent intrusions are proof that eBay and others need to do more – and spend more – to protect their clients’ data. After all, there are only a number of times and ways that customers can change their passwords to different variations of pet names!
So the burden really weighs on the shoulders of the companies and, of course, Congress – the main body responsible for enforcing proper protection, says Horwitz.
For now, eBay is investigating the breach, with the help of law enforcement. Thankfully, it found no evidence of breaches to its PayPal system.
Ahead of the tape,
Tech & Innovation Daily Research