I’m sorry but, I can’t do this anymore. I’m leaving you.
Okay, that’s probably not what Noel Biderman said when he stepped down Aug. 28 as the chief executive officer of Avid Life Media Inc., parent company of infidelity website Ashley Madison. In July, Biderman was caught with his pants down when a group calling themselves “The Impact Team” stole the company’s customer data, including e-mail addresses, names, sexual fantasies and payment card information.
This isn’t the first time that a data breach has caused a company’s top dog to step down. Last year, Target Corp.’s then-chairman and CEO Gregg Steinhafel resigned after hackers stole payment card data and personal information of approximately 110 million customers during the 2013 holiday shopping season. Since the breach, Target has faced a wave of lawsuits and had to pay millions of dollars to settle claims.
Similarly, Ashley Madison is now facing lawsuits over the data breach. But, according to a statement by the company, the breach was somewhat of a blessing in disguise. It has allegedly provided a business boost, with hundreds of thousands of new users signing up in one week.
It seems lust knows no bounds.
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