Boston, MA 06/09/2014 (wallstreetpr) – eBay Inc. (NASDAQ:EBAY), a primary e-commerce portal in the world, has asked its users worldwide to change their passwords after the business faced a cyber attack recently. eBay, on the other hand, affirmed its users and said that it had already taken the precautionary steps to preserve the system and that he hackers could not outdo after a certain level and eventually had to withdraw. Moreover, the hackers could not get an individual’s password as these were encrypted and were set according to the copious security standards. Only what they could find was the login information for many employees of the company. They added that the affected database did not have any financial information regarding their credit cards and the PayPal accounts.
Eventually, eBay Inc. (NASDAQ:EBAY) has asked its users to set a new password for their accounts as a safety appraise following the security standards and has asked them to update it regularly to avoid any further breach. On the other hand, eBay has gone into a defensive mode, by commenting that change of password was just precautionary step to assure the security of their user’s accounts.
eBay Falls By More Than 75% On Google
According to John Donahoe, CEO of eBay Inc. (NASDAQ:EBAY) commented that the new Google algorithm “Panda 4.0” is hearting eBay a lot. After the new search algorithm has been launched by Google search, eBay has lost more than 75% of keyword terms from page one of Google’s results, due to which it has to face a huge loss in the stock market. Reports from RW Baird reveal the fact that after a strong growth in early May, by the company, it illustrated a slight decline by the end of the month (as the Panda came into effect).
eBay Inc. (NASDAQ:EBAY) depends completely on the Google search results for its product listing. Ever since Google’s update, eBay results have lost their key bonafide asset in the web world.
