Popular online market place Ebay has recently suffered a sizeable cyber-attack, and is encouraging its users to change their passwords. While terrifying at first glance, things look a bit brighter upon close inspection; no financial data was compromised, and even the passwords taken were encrypted. Ebay believes no one’s account has been illegally accessed to date.
While it is easy to point a finger at Ebay, they are nowhere close to the first major company to have this happen. Just last year, Target was also host to a cyber-fiasco, losing 40 million credit card numbers to hackers. Right ahead of them was Adobe, dropping 38 million user accounts to thieves.
The trend is growing, as it is becoming more common for cyber criminals to target non-financial websites, hoping customers use the same username and passwords for their banking. Unfortunately, many do, and such people get cleaned out in instances where the stolen information is not encrypted. In sum, be sure to change your password periodically, and do your best not to repeat passwords on every site.