eBay Users Information Hacked

eBay Inc.

announced earlier this morning that "Cyberattackers compromised a small number of employee log-in credentials". The company stressed that users financial information was not compromised, however, management advisers all eBay users to change their password for eBay and for any other site in which the same password is used. The database that was breached contained eBay customers' name, encrypted password, email address, physical address, phone number and date of birth. The company is confident that there has been no breach of financial information for its PayPal users and assures customers that there is no evidence of heightened fraudulent activity on the site. eBay first learned of the compromised employee log-ins approximately two weeks ago which lead to the discovery of the data breach. Management believes the data breach occurred some where between late February and early March. Investors do not appear to be too highly concerned with the information breach as shares of eBay are only down less than 1 percent. The full press release can be found on Benzinga.com,