Adult friend finder scam
The Adult Friend Finder hack serves as a crucial wakeup call to anyone participating in online dating.
Online dating holds a plethora of privacy concerns.
The contemplated public offering, scheduled to reach the market on January 27, 2010 was delayed by FFN.
Shashoua also said credit card companies had refused to process transactions for the company's Internet businesses.
Other company holdings, such as Penthouse, Stripshow, and i Cams were also breached, for a total of 412,214,295 affected users.
The hack also revealed that the company had kept information on 15 million accounts that users had deleted, as well as information on users for assets it no longer owned, such as Penthouse.
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.