So we’ve all seen the headlines about Ashley Madison, the adulterer's website as it’s nicknamed. Here’s a taste of what the site’s attitude is like (this is a real advert, not a spoof):
It was the central focus of the film Men, Women & Children, which came out late last year. If you haven’t seen the film and want to know more about Ashley Madison’s operating model, the YouTube clip at the end of this blog is worth a watch.
Interestingly the CEO of Ashley Madison, Noel Bilderman, was interviewed by the Daily Dot in 2013 and this paragraph stands out:
Discretion is Ashley Madison’s highest priority. Biderman has spent millions of dollars on the site’s security, and in the past decade, Ashley Madison has only had about a dozen hack attempts—none of which were successful … thinking of the user’s privacy Ashley Madison is “far and away the best”, Biderman says.
So how did they get hacked? What happened? And what can banks learn from this?