eBay Mulls Cyber-Theft Price Tag

Schachter, Ken
February 2009
Red Herring;2/23/2009, p2
Trade Publication
The article reports on the impact of a data breach at IAC, eBay's Korean subsidiary. In a filing with the U.S. Securities and Exchange Commission, the online auctioneer confirmed that an estimated 141,000 users have joined lawsuits against IAC. IAC notified its users that cybercrooks had stolen names, addresses, transaction and refund data. A Korean consumer agency recommended that IAC pay about $35 to $70 to each user who complained.


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