Get the free version of Marbridge Daily delivered to your inbox

Click here to subscribe

Rumor: Dangdang, Alipay Suffer Data Breaches

ChinaByte, 12/29/11

In response to recent media reports that information belonging to 12 mln of its users has been leaked online, Chinese B2C e-commerce site Dangdang (NYSE: DANG) issued a statement today saying that only a small fraction of the account information now circulating online does in fact belong to Dangdang users. Dangdang added that the verified account information all predates June 2011 and was illegally removed from its servers in a hacking attack which it has reported to police.

On the same day as the Dangdang leak, information belonging to a large number of users of Chinese third-party payment processor Alipay was also leaked online, affecting approximately 15-25 mln accounts. Alipay responded to the incident in a statement on its microblog account, saying that only account IDs have been leaked and that users' passwords and funds stored with Alipay are safe.

Editor's Note: For more information on this topic, please see "Tianya Suffers Data Breach," MD 12/27/11 and "Rumor: Renren Suffers Data Breach," MD 12/23/11 issues

Keywords: security e-commerce Internet Alipay B2C Dangdang third-party payment DANG

Marbridge Daily Premium

Interested in gaining full access to all newsletter articles and the Marbridge Daily archive? To learn more about premium subscription options, including pricing, please:

Click here

Marbridge Consulting RSS Feed

Marbridge Reports