NEW YORK--(BUSINESS WIRE)--Time Inc. (NYSE:TIME) 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.”
For more information, please visit https://myspace.com/pages/blog.
ABOUT TIME INC.
Time Inc. (NYSE:TIME) is one of the world's leading media companies, with a monthly global print audience of over 120 million and worldwide digital properties that attract more than 150 million visitors each month, including over 60 websites. Our influential brands include People, Sports Illustrated, InStyle, Time, Real Simple, Southern Living, Entertainment Weekly, Travel + Leisure, Cooking Light, Fortune and Food & Wine, as well as more than 50 diverse titles in the United Kingdom, such as Decanter, Horse & Hound and Wallpaper*. Time Inc. is home to celebrated franchises and events, including the Fortune 500, Time 100, People’s Sexiest Man Alive, Sports Illustrated’s Sportsperson of the Year, the Food & Wine Classic in Aspen, the Essence Festival and the biennial Fortune Global Forum. Hundreds of thousands of people attend our live media events every year. We have been extending the power of our brands through various investments and acquisitions, including the formation of Sports Illustrated Play, a new business devoted to youth and amateur sports, and the acquisitions of INVNT, a company that specializes in live media, and Viant, an advertising technology firm with a specialized people-based marketing platform. We also provide content marketing, targeted local print and digital advertising programs, branded book publishing and marketing and support services, including subscription sales services for magazines and other products, retail distribution and marketing services and customer service and fulfillment services, for ourselves and third-party clients, including other magazine publishers.
