Spotify Claims Only One User Was Affected In Data Breach

Spotify Claims Only One User Was Affected In Data Breach
<a href="">Photo-Mix</a> / Pixabay

Spotify music streaming service was the latest company to experience a data breach. The company announced on Tuesday that it had suffered a security breach.

Spotify’s security breach

Oskar Stal, chief technical officer for Spotify, elaborated in a post, “Our evidence shows that only one Spotify user’s data has been assessed and this did not include any password, financial or payment information. We have contacted this one individual. Based on our findings, we are not aware of any increased risk to users as a result of this incident. We take these matters very seriously and as a general precaution will be asking certain Spotify users to re-enter their username and password to log in over the coming days.”

Half Moon Capital Returns 12.2% In 2020 Despite Short Position Drag

Half Moon CapitalEric DeLamarter's Half Moon Capital produced a return of 8% net of fees in the fourth quarter of 2020, bringing the full-year return to 12.2%, according to a copy of its fourth-quarter letter, which ValueWalk has been able to review. The fund maintained an average net exposure of 45% during the period. Q4 2020 hedge Read More

The company is taking precautions

The music streaming service is, however, taking precautions. The company plans to prompt Android users to upgrade over the next few days. The company also reminds users to download Android applications directly from Spotify’s app, Google Play or Amazon App Store. The only downside with this upgrade is that all downloaded playlists will have to be downloaded again. Spotify made no mention of whether this breach also affected iOS users.

Stal added Spotify is still investigating the situation and plans to add additional security measures.

In just the past few months, several major websites have experienced security breaches. Retailers Target and eBay Inc (NASDAQ:EBAY) suffered the effect of database breaches.

Although the recent attack on Spotify’s database seems rather small compared to other security breaches, it is still a significant concern. Spotify is one of the leading streaming music services and this breach could have have a negative impact on the company’s future. The company was in late stage planning for their upcoming IPO, but there is no word on whether this data breach issue will affect their plans.

No posts to display