Chegg, a US educational technology company headquartered in Santa Clara, plans to reset passwords for over 40 million users after a security incident has been discovered this spring.
The company reported piracy in 8-K format [1, 2] It was submitted to the Securities and Exchange Commission (SEC) yesterday.
Chegg discovered piracy a week ago on September 19, but said the intrusion dated back to April 29.
Mr. Chegg said at the submission of the SEC, "The unauthorized party accessed the database of chegg.com user data and the company hosting part of the company's brand family such as EasyBib."
Also, with recent hack, Zaif encrypted communications exchange loses $ 60 million
A survey is ongoing. Chegg said hackers may be accessing user data such as name, email address, delivery address, user name of Chegg.com, password of Chegg. com.
The company said that account passwords are protected by a hash algorithm, hash algorithms not mentioned, but not clearly preserved. This is important because many of these algorithms are broken and passwords are returned to the form in plain text.
According to Chegg, hackers can not access financial information such as social security numbers, credit cards and bank account numbers.
The company announced its intention to reset the password and notify the user base estimated to be over 40 million people.
CNET: Equifax hacks this 2017
Phil Hill, an experienced technical consultant who found the SEC form first, confirmed that Chegg has not yet begun the notification process one day after the submission of the 8 – K document.
Although it is said that the company should inform the SEC that it is a listed company, it is clear that it does not provide sufficient information to the public.
After the news that hijack hit Wall Street, after knowing that Chegg's stock price fell by 10%, TechCrunch broke through the market at the technical information site.
Chegg was founded in 2005 and is widely known for online tutoring and textbook rental services offered at chegg.com portal.
Hope you like the news Chegg to reset passwords for 40 million users after April 2018 hack. Stay Tuned For More Updates 🙂