Adult friend finder database
The company had also indicated that it lacked existing cash or cash from operations to repay a .5 million debt that was due July 31.
It has cautioned that, unless it can repay or restructure its obligation, it will face “a material deficiency in our short term liquidity.” With these shortfalls in mind, the company again announced an intention to make an initial public offering of stock, representing a 49% stake in the company, with plans to use the proceeds to pay down its debt and become listed on the New York Stock Exchange.
Security experts criticised that site for not doing enough to prevent a repeat breach.
David Kennerley, director of threat research at security software firm Webroot, commented: “This attack on Adult Friend Finder is extremely similar to the breach it suffered last year….
The breach has not been confirmed by the site’s parent company Friend Finder Networks, which is reportedly looking into claims of yet ahother hack.
Ezra Shashoua, the company's chief financial officer, blamed the lower revenue on a drop in membership and increased advertising costs for affiliates, according to court documents.
Shashoua also said credit card companies had refused to process transactions for the company's Internet businesses.
On November 13, 2016, it was reported that a database of over 412 million accounts, including usernames, e-mails, and passwords, had been breached and leaked from several Friend Finder Networks websites.
The breach included account data from Adult Friend Finder (which constituted over 339 million accounts), Cams.com, and Penthouse, including accounts that had supposedly been deleted.even details of users who believed they deleted their accounts have been stolen again.“It’s clear that the organisation has failed to learn from its past mistakes and the result is 412 million victims that will be prime targets for blackmail, phishing attacks and other cyber fraud,” he added.The company primarily deals in adult entertainment, online dating, and social networking services.