Time Inc. Confirms Myspace Hack

Friendster is next.

Myspace is back in the news for all the wrong reasons.

Time Inc.—which bought Myspace parent Viant in February—confirmed that hackers have stolen usernames, passwords and e-mail addresses from Myspace prior to June 11, 2013, when the company improved the site’s security.

Vice reports that roughly 427  million passwords were stolen and then offered up for sale on a hacker forum. The price? Only $2,800. Let the record show that Myspace isn’t even cool in the cyber criminal world.

Jeff Bairstow, Time Inc.’s exec vp and CFO, said the company is taking the hack “extremely seriously.”