Tomahawk, WI 05/23/2014 (Basicsmedia) – The world is bustling with e-commerce companies, and eBay Inc (NASDAQ:EBAY) is one of the prominent ones with global fame. EBay on May 21, 2014, revealed the fact that all the necessary credentials including email addresses, emails, as well as birthdays was stolen between the end of February and the beginning of March in a hacking attack.

The company urges users to change passwords

The e-commerce businesses, in retaliation, insisted its customers to immediately change their passwords after the attack. The hacking attack also comprised of encrypted passwords, phone numbers and physical addresses.

The hack

eBay Inc (NASDAQ:EBAY) said that hackers carried out a raid on its information-rick network three months back. They accessed around 145 million customer records, which is all probability be declared as one of the biggest data contravenes in history. However, the company reported that it found no evidence of illicit admission to credit card or any financial details, which are preserved separately in encrypted formats.

It has been known that the cyber attack on one of the leading e-commerce business was made via compromised employee accounts, which permitted unlawful entry to the company’s corporate network, eBay Inc (NASDAQ:EBAY) mentioned in a statement. According to the company, the first breach was detected around couple of weeks back.

Shares sank

After the news of biggest-profile hack hit the headlines of almost all media sites, the company shares fell 3.2%.  Kari Ramirez, EBay spokeswoman, stated that as of now, the company cannot comment on the exact number of accounts hacked. However, it believes that there might be a good number of accounts impacted, and that is why eBay Inc (NASDAQ:EBAY) is urging all its users to change their passwords, added the spokeswoman.

Notice in PayPal

EBay tried to leave no stone unturned in protecting its profile from further threat. It issued a note on its PayPal website requesting the users to alter their passwords. However, eBay Inc (NASDAQ:EBAY) took down the notice a short while after. The precise reason behind such an action by the company in the backdrop of one of the biggest-threat is still unknown.

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