eBay Hit With Cyber-Attack, Users Must Change Passwords

eBay has issued a warning to all users to change their passwords as the site has been struck a cyber-attack that has compromised passwords and other non-financial information. The company adds that PayPal has not been affected.

eBay issued a statement on the matter. Here’s a little on what they had to say.

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

To change your password, log into your account and go to “My eBay”. Hit the Account tab and go to “Personal Information” on the left, you’ll know see the password change function along with other account info.

Regarding PayPal, the company said: “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.”

Stay tuned for more info as it becomes available.