MySpace Recently Hacked: Is This Relevant?

If you're one of those few people who haven't deactivated their MySpace accounts, you might want to take a look back at the first social media site that you were addicted to. The website has been hacked and now a 33-GB file is floating around the internet with emails and usernames, as well as passwords for over 360 million accounts.

Many social media users have since moved on from the social media site, however the hack remains relevant. According to San Francisco Gate, data are being sold to strangers - and if you've been using the same username or password to your other media accounts today, you may still be vulnerable. The price for all these data? A mere 6 bitcoins - at today's price, that's about $3,200. The hack was said to target all accounts that were created before June 2013, before they did a site upgrade to increase security.

A recent Verizon Data Breach Investigation Report said that 63% of confirmed breaches involve weak, default, or stolen passwords. Yet, nobody seems to be particularly interested in the hack. Irish media site TheJournal stated, "If MySpace hackers have managed to get hold of my password, can they tell me what it is?"

On its official blog, MySpace said that the stolen passwords on hacked accounts have been inactivated. They are also encouraging users to set new passwords on their other media accounts that used the same or similar passwords to their MySpace accounts.

It is way past its prime and probably nearing oblivion, but MySpace reports that even today, in the era of Snapchat and Twitter, they can still gather around 50 million visitors per month. What used to be the world's largest social media site was acquired by New Corp for $580 million in 2005, and bought by Justin Timberlake and the Specific Media Group for $35 million in 2011.