May 31, 2016 Last Updated 7:54 am

Time Inc.-owned Myspace reports data breach from Russian hacker

The less-than-popular social network Myspace, now the property of Time Inc., reported that it was hacked prior to the Memorial Day holiday.

myspace-flag“Email addresses, Myspace usernames, and Myspace passwords for the affected Myspace accounts created prior to June 11, 2013 on the old Myspace platform are at risk,” the company said.

MySpace was, of course, once a popular and fast growing social networking website. So much so that News Corp acquired it July 2005 for $580 million in one of the worst M&A deals of that decade. Six years later it was acquired for around $35 million and became part of Viant, the company Time Inc. bought earlier this year.

“We believe the data breach is attributed to Russian Cyberhacker ‘Peace.’ This same individual is responsible for other recent criminal attacks such as those on LinkedIn and Tumblr, and has claimed on the paid hacker search engine LeakedSource that the data is from a past breach,” Myspace said in a blog post.

Here is the press release on the hack:

NEW YORK, NY – May 31, 2016 — Time Inc. today confirmed reports that Myspace, a Time Inc. company and social networking site, has been the victim of a hacking incident. Shortly before the Memorial Day weekend, the Myspace technical security team became aware that stolen Myspace user login data was being made available in an online hacker forum. The compromised data is limited to a portion of Myspace usernames, passwords and email addresses, from the old Myspace platform prior to June 11, 2013—when the site was relaunched with significant steps to strengthen account security.

The Myspace breach does not affect any of Time Inc.’s systems, subscriber information or other media properties and does not appear to include financial data of any kind.

As Myspace has already reported, it is in the process of notifying all affected users and working proactively with law enforcement authorities to resolve this issue. Myspace has also invalidated the passwords of all known affected users and is monitoring for suspicious activity that might occur on Myspace accounts.

Jeff Bairstow, Time Inc. Executive Vice President and Chief Financial Officer, stated, “We take the security and privacy of customer data and information extremely seriously—especially in an age when malicious hackers are increasingly sophisticated and breaches across all industries have become all too common. Our information security and privacy teams are doing everything we can to support the Myspace team.”

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