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"For instance, with my bank, my trust is within my belief that it should secure my financials.If my money is going to be stolen, whether because a banker stole it or it wasn't put in the safe or whatever, I would stop banking there because that's the basis of my relationship with the bank." Avid Life Media had been planning to launch an initial public offering - valuing the company at up to $200 million - later this year in London.
To safeguard the confidentiality and security of your PII, we use industry standard practices and technologies including but not limited to 'firewalls,' encrypted transmission via SSL (Secure Socket Layer) and strong data encryption of sensitive personal and/or financial information when it is stored to disk." But those technologies and practices appear to have been insufficient to protect the company's customers from having their personal details swiped.
Avid Life Media has confirmed that it was targeted via a hack attack, in what it now labels as being an act of "cyber-terrorism." The company runs multiple sites, including Ashley Madison - tagline: "Life is short.
Have an affair." - which bills itself as a dating service designed for married people, as well as the single people who want to meet them; the Established Men dating site, which promises to connect "young, beautiful women with successful men"; and Cougar Life.com, which caters to older, more career-oriented women who seek younger men.
The extramarital-affair online dating website Ashley Madison has been hacked, and the hacking group taking credit has threatened to release full details for the site's subscribers, which reportedly number more than 37 million across 46 countries, unless the service shuts down.
The breach is a reminder that hackers can potentially expose not only the information that people share, but also the identities of those with whom they've shared it. A hacking outfit billing itself as "The Impact Team" has threatened to release "all customer information databases, source code repositories, financial records, emails" tied to Ashley Madison.
"At this time, we have been able to secure our sites, and close the unauthorized access points," Avid Life Media says.