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The Effects of Last Month’s Adobe Hack

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When Adobe announced last month that personal information had been stolen from 38 million users, not everyone was sure what this meant for identity theft and privacy. The company originally stated that the accounts had been stolen from 2.9 million customers, though they later changed it to 38 million. And now, according to CNN, some tech bloggers believe as many as 150 million accounts could have been hacked.

The hack not only gave thieves access to passwords and usernames, but credit card numbers as well. And because many people use the same email address and password for various logins (and even the word “password”) hackers could get access to even more of their private accounts and emails.

In addition to stealing user information and credit card numbers, hackers stole source code for Cold Fusion, and most likely Photoshop and Reader as well. This means that their products can be pirated much easier, leading to a whole other slew of problems, according to ABC News.

The tip of the iceberg? Investors in Adobe don’t seem to care about this security breach. Despite millions of users’ information being stolen, in addition to myriad other problems the hack could create, Adobe’s stocks are trading at an all-time high.

 What do you think? Should Adobe customers and investors be more worried about the hack? Do you see more problems coming to light in the future?

Posted by Jamie Friedlander on Nov 21, 2013


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