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Why Your Old Myspace Account Could Come Back to Haunt You

Beth Braverman
Why Your Old Myspace Account Could Come Back to Haunt You

While most of the world has forgotten about social pioneer Myspace, hackers are apparently still interested in the site.

Online crooks are peddling Myspace login data, including email addresses, user names and passwords, used on the site before 2013 when security features were updated, according to a press release from the site’s current owner, Time Inc.

Related: Here’s How Widespread Identity Theft Has Become

Myspace is in the process of notifying all affected users, invalidating their passwords and monitoring their accounts for suspicious activity.

Myspace believes that the hack was the work of Russian hacker “Peace,” who’s also been linked to attacks on LinkedIn and Tumblr.

Founded in 2003, Myspace was one of the leading social networking sites in the world, with over 100 million accounts by 2006 and a valuation of $12 billion in 2007. However, the site quickly lost users to Facebook after 2008 and is now a much smaller network with a focus on pop music.

Earlier this month, LinkedIn invalidated the passwords of more than 100 million LinkedIn members after hackers tried selling them on line. That account info came from a 2012 hack of the business-oriented social networking site.

While neither of those sites stores financial data, like credit card or banking info, consumers who use the same logins for multiple sites could be putting their money at risk. In 2014, 7.6 million people, or 7 percent of the U.S. population, were victims of at least one incident of identity theft, according to the Bureau of Justice Statistics.

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