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eBay Hacked – Users asked to reset passwords

eBay has released a statement today explaining that its internal and customer databases were compromised earlier this year. The company will today start to prompt everyone to change their passwords. If you are a current or even former eBay user it is recommended that you change your password now as information such as names, addresses, email addresses, phone numbers, birth dates and encrypted passwords have been stolen which could lead to attacks on other accounts held my eBay account holders. Details amount the breach can be found in a press release by the company that can be read below. Proactive customers can click here to go directly to access their eBay account information to change passwords immediately.

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Ebay Press Release

eBay Inc. (Nasdaq: EBAY) said beginning later today it will be asking eBay users to change their passwords because of a cyberattack that compromised a database containing encrypted passwords and other non-financial data. After conducting extensive tests on its networks, the company said it has no evidence of the compromise resulting in unauthorized activity for eBay users, and no evidence of any unauthorized access to financial or credit card information, which is stored separately in encrypted formats. However, changing passwords is a best practice and will help enhance security for eBay users.

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. We know our customers trust us with their information, and we take seriously our commitment to maintaining a safe, secure and trusted global marketplace.

Cyberattackers compromised a small number of employee log-in credentials, allowing unauthorized access to eBay’s corporate network, the company said. 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.

The database, which was compromised between late February and early March, included eBay customers’ name, encrypted password, email address, physical address, phone number and date of birth. However, the database did not contain financial information or other confidential personal information. The company said that the compromised employee log-in credentials were first detected about two weeks ago. Extensive forensics subsequently identified the compromised eBay database, resulting in the company’s announcement today.

The company said 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.

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.

Via – Ebay Press Release

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Kelroy

Kelroy is an internet junkie, technology advocate, avid gamer and Jamaican Blogger who envisioned Geezam.com as a Caribbean based technology blog offering a more global view of technology topics. Follow his tech related ramblings and stay in touch via Twitter @Geezam

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