Investing.com reports that Dropbox Inc shares fell 1.8% in after-hours trading Tuesday after Bloomberg reported that hackers breached thousands of user accounts and accessed data stored on the cloud-storage platform.
At one point, shares had fallen as much as 6.6% in postmarket trading.
According to Bloomberg:
Some Dropbox users received an email from the company on Monday saying there was unauthorized access to their accounts between Aug. 4 and Aug. 21, according to notification emails seen by Bloomberg. The company told some users their files were viewed and downloaded during that time, while others were told there was no evidence of this, the emails show.
… The hackers accessed the accounts by using a Lenovo ID, a user name and password that allows users to access products and services made by Lenovo Group Ltd., according to the emails. Dropbox users can access their accounts using verified Lenovo IDs, according to one of the emails.
Because of an “issue” with Lenovo’s email verification process, the hackers were able to register Lenovo IDs using the emails of Dropbox users, even if they hadn’t set up such an account, the notification emails say. The
Read more at Investing.com.
