eBay Data Breach

                                    eBay Data Breach

Date: May 2014
Impact: 145 million users compromised
Details: The online auction giant reported a cyberattack in May 2014 that it said exposed names, addresses, dates of birth and encrypted passwords of all of its 145 million users. The company said hackers got into the company network using the credentials of three corporate employees, and had complete inside access for 229 days, during which time they were able to make their way to the user database.

It asked its customers to change their passwords, but said financial information, such as credit card numbers, was stored separately and was not compromised. The company was criticized at the time for a lack of communication informing its users and poor implementation of the password-renewal process.

CEO John Donahue said the breach resulted in a decline in user activity, but had little impact on the bottom line – its Q2 revenue was up 13 percent and earnings up 6 percent, in line with analyst expectations.

Reference: Taylor Armoring. (2017, Oct 11).The 16 biggest data breaches of the 21st century. Retrieved January 21, 2018, from http://cryptocurrencydatabreach.blogspot.com/