According to different media outlets, the personal data believed to be stolen from the popular dating website, named TOPFACE, with more than 90 million registered users.
The business is headquartered in Sankt Petersburg, Russia, and according to the website, more than 50% of its users are from outside Russia. Also, the company neither confirmed nor deny if it suffered a breach recently that could have resulted in exposing a database of more than 20 million people.
“I thought about [selling the database] but I believe there are more important things in our world that we should pay attention to first,” he explained.
A database containing details of more than 20 Million users of a Russian-based online dating website has been allegedly stolen by a hacker and made publicly available for sale through an online forum.
But Filatov noted that the ads have already been removed and Topface has agreed not to pursue charges against the unidentified individual.
"As we made an agreement with him we do not see any reason for him to break it," said Filatov.
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But, hackers can still use the stolen usernames and passwords to try to access victims’ bank accounts, health records or even more sensitive data.
Topface says it has some 92 million users and 1.6 million daily visitors.
Cybersecurity experts typically advise companies not to pay hackers to return stolen data, calling that a ransom and saying cybercriminals often break promises.
Topface Chief Executive Dmitry Filatov said the company located the hacker, who had published ads to sell the data but had not actually sold them.
"We have paid him an award for finding a vulnerability and agreed on further cooperation in the field of data security," Filatov said in an email on Friday, declining to disclose the size of the reward.