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Home » Our Florida Insurance Blog | BB Insurance Marketing, Inc. of Fort Lauderdale FL » Technology Tuesday: eBay Urges Members to Change Passwords Immediately

Technology Tuesday: eBay Urges Members to Change Passwords Immediately

Tuesday, May 27, 2014
by dnicoletti

Category: Blog

Tags: Insurance • South Florida • Technology

The online auction and sales giant eBay posted a message Wednesday morning saying that it had been hacked, urging all of its members to change their passwords. The company said in a statement that a database containing encrypted passwords had been breached, but that financial data, including credit card information, was stored separately and was still safe. Hackers were able to gain access to eBay employee log-ins, eBay said, which in turn gave them access to the encoded passwords.

eBay says that no unauthorized transactions have yet been made with the information. But if you’re an eBay user, you still definitely need a new password. “[C]hanging passwords is a best practice,” the statement said, “and will help enhance security for eBay users.”

In the statement, which was unsigned, eBay said that the attack took place between late February and early March. Though the passwords that the hackers gained access to were encrypted, or obscured by a code to prevent easy reading, eBay did say that the hackers were able to access members’ names, email addresses, physical addresses, phone numbers, and dates of birth.

The real takeaway from this: Change your eBay password (go to “My eBay” and open the Personal Information link you’ll see on the left). If you use the same password on multiple sites, you’ll need to change those passwords, too, should the hackers successfully break the encryption.

BB Insurance Marketing is a full-service insurance agency located in South Florida that specializes in business, personal and benefits insurance. The liability and risk exposures stemming from business websites can be tremendous. What was once the worry of publishers is now the worry of every business maintaining and upgrading a website. This means unless you have specific Cyber Liability in place, you could be facing a number of liability issues. To learn how you can better protect your online presence, please speak to one of our dedicated agents as soon as possible.

(via Yahoo! Tech)

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