Social Network Site Formspring Disables Passwords After Breach

Law360, New York (July 11, 2012, 6:16 PM EDT) -- Social networking site Formspring on Tuesday disabled passwords for 28 million of its registered users after it discovered that 420,000 user passwords were posted on an unnamed security forum — making it the latest in a string of social networking sites to get hit with a data security breach in the past month.

In a blog post Tuesday, San Francisco-based Formspring said the breach happened after someone hacked into one of its development servers and extracted account information from a production database.

The 420,000 encrypted passwords...
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