eBay assumed user data was safe after massive hack

|About: eBay Inc. (EBAY)|By:, SA News Editor

eBay (EBAY) didn't believe  for a "very long period of time" that customer data had been compromised following a major cyberattack, exec Devin Wenig has said.

Wenig's comments follow criticism about the delay in informing users - the assault was discovered in early May but was only made public last week.

eBay doesn't intend to compensate customers or provide free-credit monitoring, as  the company hasn't detected any fraud, Wenig said. That's despite New York AG Eric Schneiderman calling for eBay to offer such services.

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This was corrected on 05/26/2014 at 07:08 AM. The item incorrectly said the cyber-attack occurred in early May.