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One of the biggest data breaches of 2016 was the Adult Friend Finder incident.Approximately 412 million user accounts were breached along with their personal information and much more!The company had also indicated that it lacked existing cash or cash from operations to repay a .5 million debt that was due July 31.It has cautioned that, unless it can repay or restructure its obligation, it will face “a material deficiency in our short term liquidity.” With these shortfalls in mind, the company again announced an intention to make an initial public offering of stock, representing a 49% stake in the company, with plans to use the proceeds to pay down its debt and become listed on the New York Stock Exchange.More than ever, people are turning to online dating as their sole source of companionship, feeding their personal information to the websites.It was just a matter of time, until a huge security breach happened.

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After discovering that users had been using the service to seek sexual partners, he launched Adult Friend Finder as a spin-off, followed later by other spin-offs dealing with different regions and niches.even details of users who believed they deleted their accounts have been stolen again.“It’s clear that the organisation has failed to learn from its past mistakes and the result is 412 million victims that will be prime targets for blackmail, phishing attacks and other cyber fraud,” he added.The passwords were either stored as plain text or encrypted using the obsolete and insecure SHA-1 cipher.Hundreds of millions of Adult Friend Finder (AFF) accounts appear to have been exposed once again.Editor’s Note: In the tech indsutry, where everyone is constantly preparing for the inevitable, Jeremy Ho, Aaron Murray, Christopher Barron, Spencer Thomas and Vincent Le describe one of the most prominent web application targeted attacks in this blog post — Local File Inclusion (LFI), which also led to one of the biggest hacks in 2016 that revealed millions of customers’ sensitive information.As our understanding of the cyber world evolves, love becomes harder and harder to find.Leaked Source has not made the database searchable but has published a breakdown of password frequencies and samples of file schemas from the leaked database to substantiate its claims, which remain unconfirmed but are nonetheless being taken seriously by security firms.Certificate management firm Venafi claimed that private information such as passwords appeared to have been protected using only the obsolete SHA-1 hashing algorithm.Much of the company's growth without investment capital has been attributed to its affiliate program, with more than 500,000 affiliates to date.As of January 17, 2010, Friend Finder Networks had a negative net worth equal to 8 million, million in cash on hand and 0 million in liabilities.

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