eBay is considered to be a multinational e-commerce business with its headquarters located in the United States. eBay was founded in the year 1998 by a man named Pierre Omidyar. This online auctioning business has built easier methods of reaching consumers across the nation as opposed to being settled in just one small town or community. Essentially, eBay has become one of the most notable e-commerce sites across the web through its methods of trading and conducting sales on their platform (Kelly, G., 2014). eBay is also a multibillion-dollar industry in which has manifested the online presence. Just in the year 2016, there were over 170 million active users with nearly 250 million searches being conducted on a daily basis (eBay Breach, n.d.).
In
A Critique of the Proposed National Education Policy Reform
Ebay cyber attack
1. Running Head: EBAY’S SECURITY DATA BREACH 1
eBay’s Security Data Breach
instructor
class
date
name
2. EBAY’S SECURITY DATA BREACH 2
eBay is considered to be a multinational e-commerce business with its headquarters
located in the United States. eBay was founded in the year 1998 by a man named Pierre
Omidyar. This online auctioning business has built easier methods of reaching consumers across
the nation as opposed to being settled in just one small town or community. Essentially, eBay has
become one of the most notable e-commerce sites across the web through its methods of trading
and conducting sales on their platform (Kelly, G., 2014). eBay is also a multibillion-dollar
industry in which has manifested the online presence. Just in the year 2016, there were over 170
million active users with nearly 250 million searches being conducted on a daily basis (eBay
Breach, n.d.).
In 2014, eBay stated that they had accrued a security breach throughout the databased
that could have compromised nearly 150 million customers. With such magnitude, the incidents
in which the consumers affected were qualified as being the 2nd
largest data breach since the
history of the internet (Kelly, G., 2014). The data breach of eBay posted a multitude of risks
regarding the common identify features of consumers, the theft of passwords to accounts in the
database system, and other sorts of passwords had been compromised. Regarding the breach,
eBay responded to their consumers urging them to change the passwords to all accounts
regarding their system and to rather, begin utilizing the credit card monitoring services that were
being provided to ensure no further breaches and compromising of their account would take
place (Kelly, G., 2014). This paper goes to discuss the situation of the breach regarding an
extensive analysis of how eBay handled the breach regarding their security measures that had
already been established.
3. EBAY’S SECURITY DATA BREACH 3
Hackers over the internet have one goal in mind, to achieve access to the systems
functioning or via removing and altering existing information. Hackers become successful at
penetrating the IT system that the company has utilized and set in place and most breaches go
without notice until it is too late. However, the security breach that penetrated the system of
eBay was one that was startling and was declared as dreadful (eBay Breach, n.d.). eBay is an
online auction forum where individuals and companies alike can post their products and services
for sale through either a bidding system or a buy now system. The affiliation articulated that in a
burst of its database between late February and early March, programming engineers picked up
two or three its specialists' login assertions (eBay Breach, n.d.).
This gave the product engineers access to the names, addresses, phone numbers, email
zones and passwords of its 128m exceptional clients. The affiliation said it had as of late wound
up monitoring the interruption two weeks sooner. Therefore, it is before long referencing that its
dynamic clients reset their passwords – which means to reconsider what is without a doubt a
standout amongst the best information breaks ever of the web (eBay Breach, n.d.). Following this
certification, eBay's general clients would be maintained in speaking to the affiliation some
searching for solicitation. For what reason did it take eBay no under two months to find that the
propelled strike had occurred? Also, having found the impedance, for what reason did an
additional two weeks sneak past before its clients were instructed? What is pushing is the way
eBay appears to have tried to play down this occasion (eBay Breach, n.d.). It underlined that the
engineers essentially picked up an "unpretentious number" of master login affirmations – yet the
theft of only a solitary piece of specialist login subtleties can bargain an affiliation (eBay Breach,
n.d.)
4. EBAY’S SECURITY DATA BREACH 4
It mentioned that the social event's PayPal online part association had not been broken.
Regardless, the robbery of an extensive number of customers' precious information will have
made open passages for cutting edge burglary from banks and particular affiliations beginning
late (eBay Breach, n.d.). Whatever the central purposes of the eBay case, this occasion raises
logically wide issues about the slightness of the electronic economy. Everything considered, at
whatever point settled in, well-financed web names are feeble against this sort of strike on their
databases, this should incite some hard reasoning over the general business organize (eBay
Breach, n.d.). Two issues merit featuring. In any case, while different affiliations consider the
hazard of automated assault, too few are setting up alluring structures to perceive such
movement.
Regarding the security breach of eBay, it was quite shocking given that the company is so
large. According to eBay, the security breach had occurred during the months of February and
March when hackers decided to hack the system managing to obtain critical and vital
information from small business across the world (Kelly, G., 2014). After they achieve small
information, it gave them access to the entire database of eBays platform. Following such access,
those who had hacked the system were presented with information of consumers and customers
credit card information, addresses, phone numbers, email addresses, and so forth. The personal
identifying information that could also put them in further danger as opposed to just identity or
financial stressors (Kelly, G., 2014).
It has been noted that due to the poor management of eBay, these were the main factors
of enabling hackers to enter into the system. To be exact, regarding the processes and the amount
in which was handled was an actually resulted in a public outcry (eBay Breach, n.d.). eBay stated
5. EBAY’S SECURITY DATA BREACH 5
in their disclosure that dealing with the security breach wasn’t announced until after two months
of the hackers getting in. eBay had made a mistake in believing that data of consumers and
businesses weren’t compromised and that is why eBay didn’t notify the users of the platform. As
necessities are, the affiliation would maybe uncover to them when it at first fathomed these
aggressors had data concerning client information (Finkle, 2016). Right, when information had
been broken on the 21st of May 2014 clients had encouraged to reset their passwords physically.
Undeniably, this ought to have been the hidden development in order to guarantee the security of
the clients' information including their charge card data.
This response to the consumers and business’s alike was a result of poor management and
poor communication on the company’s part. eBay didn’t contact the users of the platform in
enough time that further implications of security measures could be taken (eBay Breach, n.d.). In
addition, consumers were trying to achieve contact with eBay because of them not resulting in
notices to them once they became aware of the attack. eBay should have responded immediately
whether they believed or not that the information on the platform was going to be jeopardized or
not (eBay Breach, n.d.). It was the right of the those utilizing the platform to know this
information at the moment eBay found out themselves. But instead, they didn’t want to put their
company at the front of the light and deter possibly sales so that they could be faced with a loss
of profits.
Due to the fact that eBay concealed the information of the security breach from the
public, further implications and information were put at stake. Management directly reflected the
diminishing consumer activity as being nothing abnormal while solely developing attributes to
the respect of the consumers (eBay Breach, n.d.). In fact, eBay had even recorded the decrease in
6. EBAY’S SECURITY DATA BREACH 6
customers that were otherwise actively involved with the site. eBay confirmed that there has
been a loss of nearly $2 million dollars during the time of the security breach.
To conclude, eBay had clearly committed themselves to many mistakes resulting in the
breach and after the breach (Peterson, A., 2014). They should have yielded further consumers
from becoming victims of their information being stolen. Even before the security breach by the
hackers, eBay had been known to have security issues throughout the system and platform. They
had once before had global security issues concerning the inside hacking but that it didn’t result
in consumers information being stolen as it did this time (Peterson, A., 2014). The employees
were gaining access to email accounts that contained the important and sensitive data in which
still, caused many problems and challenges to arise.
The communication faults and transparency of eBay has continuously been an issue in
which has also resulted in further implications against their reputation. For example, with the
lack of time framing to announce the security breach was one concern while not establishing
further security measures was another (Peterson, A., 2014). eBay did wrong by their consumers
to not inform them of the security breach until months after it had occurred just because of their
beliefs.
As client grievances ended up clear eBay without a doubt had neglected to illuminate
them concerning the circumstance analyzing its client association (Kelly, G., 2014). With eBays
poor execution concerning their reaction to improve this, they ought to have measures set up
about with speedier reaction time to the general open concerning its Information security
program. JD Sherry who is the VP of Technology game-plans, Trend Micro said that eBay had
7. EBAY’S SECURITY DATA BREACH 7
neglect to get from other information breaks. In 2013 Adobe had in like way been in a security
break (Kelly, G., 2014).
Programmers over the web have one objective as a top priority, to accomplish access to
the frameworks working or by means of evacuating and adjusting existing data. Programmers
become fruitful at entering the IT framework that the organization has used and set up and most
breaks abandon see until it is too late (Kelly, G., 2014). Be that as it may, the security breach that
entered the arrangement of eBay was one that was alarming and was proclaimed as horrendous.
eBay is an online sale gathering where people and organizations alike can post their items and
administrations available to be purchased through either an offering framework or a purchase
now framework (Kelly, G., 2014). The association explained that in a burst of its database
between late February and early March, programming engineers grabbed a few its masters' login
attestations.
8. EBAY’S SECURITY DATA BREACH 8
References
Kelly, G. (2014, September 02). eBay Suffers Massive Security Breach, All Users Must Change
Their Passwords. Retrieved April 29, 2019, from
https://www.forbes.com/sites/gordonkelly/2014/05/21/ebay-suffers-massive-security-
breach-all-users-must-their-change-passwords/#70dff4427492
Peterson, A. (2014, May 21). eBay asks 145 million users to change passwords after a data
breach. Retrieved April 29, 2019, from https://www.washingtonpost.com/news/the-
switch/wp/2014/05/21/ebay-asks-145-million-users-to-change-passwords-after-data-
breach/?noredirect=on&utm_term=.e0033badd2bb
eBay Breach: 145 Million Users Notified. (n.d.). Retrieved April 29, 2019, from
https://www.bankinfosecurity.com/ebay-a-6858