eBay Data Breach May Be Bigger Than Target’s

May 29, 2014, Written By Bill Hardekopf
eBay Data Breach May Be Bigger Than Target’s

The recently discovered eBay hack has the potential to be even larger than last year’s Target breach. If the latest reports are true, the eBay breach may have compromised more than 100 million users’ account passwords.

eBay suspects the hackers were able to compromise the login details of several employees of the site, which gave them access to users’ names, encrypted passwords, physical addresses, email addresses, phone numbers and dates of birth. The company first detected a problem about two weeks ago.

“The magnitude of the reported eBay data breach could be of historic proportions, and my office is part of a group of other attorneys general in the country investigating the matter,” Florida Attorney General Pam Bondi said in a statement.

The silver lining in this is the fact that eBay uses PayPal to process its payments. As long as PayPal remains secure, users will not have to worry about losing their credit card numbers and other financial information.

eBay is encouraging users to change their passwords to protect themselves.

At this time, eBay has seen no increase in fraudulent activity as a result of the hack.

The information contained within this article was accurate as of May 29, 2014. For up-to-date
information on any of the terms, cards or offers mentioned above, visit the issuer's website.

About Bill Hardekopf

Bill Hardekopf is the CEO of LowCards.com and covers the credit card industry from all perspectives. Bill has been involved with personal finance for over 15 years. He is a frequent contributor to Forbes, The Street and The Christian Science Monitor.
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