Police in Zhejiang province recently convened a press conference to announce that a group of hackers obtained information pertaining to approximately 99 mln accounts on Alibaba Group’s (NYSE: BABA) C2C e-commerce site Taobao. The hack, which occurred between October 14-16, 2015, originated from rented space on Alibaba Group’s cloud services platform AliCloud. Of the 99 mln accounts in question, 20.59 mln are active user accounts with matching passwords. The hackers’ goal was to acquire the accounts in order to perform order brushing and supply manipulation on Taobao, as well as to sell to scammers.
A spokesperson for Alibaba Group explained that the exposed Taobao accounts were not the result of a direct hack of Taobao, but rather the suspects used acquired account information from non-Taobao accounts to check for matches against 99 mln Taobao accounts, thus discovering the 20.59 mln Taobao accounts in question. For the full article click here
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