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Adobe Systems Incorporated (NASDAQ:ADBE) suffers a Sophisticated Attack

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You will also receive a free, weekly newsletter to stay on top of the latest industry trends, read analysis on promising cannabis stocks, and more. Click here to receive your Free Report immediately!

It was announced on Thursday that computer systems of Adobe Systems Incorporated (NASDAQ:ADBE) were hacked and personal data and credit card information of 2.9 million customers was stolen. The attack was called a “sophisticated attack” by Adobe who claims that hackers were able to get personal encrypted password information from many customers.

This security breach results in the loss of source code copies of some of the company’s most used products, which were saved on businesses servers and personal computers all over the world. It is still not clear if the hackers were able to get the unencrypted numbers of customers’ credit cards. However, as a safety measure, Adobe informed all its customers and Credit Card Companies about this security breach. Their customers were advised to change their passwords in order to prevent any unauthorized entrance.

Brad Arkin, Chief Security Officer of Adobe wrote in the company’s blog that hackers consider Cyber attacks a new method of business. He further said that Adobe is liable to these cyber attacks due to its products being used widely all over the world.

The Adobe hacking was unveiled by Hold Security’s Alex Holden and Brian Krebs, a security journalist, who discovered Adobe’s source code of 40 gigabytes on some server that was used to hack into a few other companies’ systems. These companies include;

Dun & Bradstreet Corp (NYSE:DNB), Lexis-Nexis, Kroll Associates – a security company – and the National White Collar Crime Center whose job is to assist businesses in protecting their sensitive computer systems.

Adobe says that the hackers stole the source code of Adobe’s three widely used products that are, ColdFusion Builder, Acrobat and ColdFusion. The level of threat this breach poses to Adobe customer is still unclear, however with the possession of the source code, hackers can exploit the security system as they want.

In the premarket share of Adobe Systems Incorporated (NASDAQ:ADBE) went down by -2.14% ($49.79).

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