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eBay Urges Password Changes After Breach

eBay

Source: KrebsOnSecurity

eBay is asking users to pick new passwords following a data breach earlier this year that exposed the personal information of an untold number of the auction giant’s 145 million customers.

In a blog post published this morning, eBay said it had “no evidence of the compromise resulting in unauthorized activity for eBay users, and no evidence of any unauthorized access to financial or credit card information, which is stored separately in encrypted formats. However, changing passwords is a best practice and will help enhance security for eBay users.”

Assisted by federal investigators, eBay determined that the intrusion happened in late February and early march, after a “small number of employee log-in credentials” that allowed attackers access to eBay’s corporate network were compromised. The company said the information compromised included eBay customers’ name, encrypted password, email address, physical address, phone number and date of birth. eBay also said it has no evidence of unauthorized access or compromises to personal or financial information for PayPal users.

The company said it will begin pushing out emails today asking customers to change their passwords. eBay has not said what type of encryption it used to protect customer passwords, but it previous breaches are any indication, the attackers are probably hard at work trying to crack them.

If you’re an eBay user, don’t wait for the email; change your password now, and make it a good one. Most importantly, don’t re-use your eBay or PayPal password elsewhere. If you did that prior to today, it’s a good idea to change that password to something unique at the other sites that shared it. And be extra wary of phishing emails that spoof eBay and PayPal and ask you to click on some link or download some security tool; attackers are likely to capitalize on this incident to spread malware and to hijack accounts.

eBay and PayPal users who haven’t already done so should consider using the PayPal Security Key, a two-factor authentication solution that can be used to add for additional security on both sites.

 


ABEX New Location & Hours of Operation

ABEX New BuildingABEX has moved to more accessible and comfortable surroundings at our new home located at Waterloo Research & Technology Park.

Effective Monday, May 12, our new address is:

ABEX Affiliated Brokers Exchange Inc.
375 Hagey Boulevard, Suite 302
Waterloo, ON  N2L 6R5

Our telephone, fax number, email addresses and all other contact details remain unchanged.

In order to serve you better, we have extended our regular office hours to:

8:30 a.m. – 5:00 p.m.
Monday to Friday

Click here for directions.

 


ABEX is Moving to a New Office

New office map

It is with great pleasure that I write to inform you that ABEX Affiliated Brokers Exchange Inc. is relocating to more accessible and comfortable surroundings at our new home located at Waterloo Research & Technology Park.  We are looking forward to serving you from our new location!

Our office will be closing at 12:00 p.m. on May 9, 2014, to accommodate the move.  We will resume normal operations on May 12, 2014.  Our regular service hours are from 9:00 a.m. to 4:30 p.m.

Our new address details are below:

ABEX Affiliated Brokers Exchange Inc.
375 Hagey Boulevard, Suite 302
Waterloo, ON  N2L 6R5
Click here for directions.

Tel: (519) 880-0044    Toll Free: 1-888-643-2217      Fax: (519) 880-8844

Please note that our telephone, fax number, email addresses and all other contact details remain unchanged.  Should you have any questions on the relocation, be sure to contact us so we can answer them.

We have enjoyed doing business with you and appreciate your support! We look forward to continuing to serve you.

Sincerely,

Jim McGregor, CEO

 


Joyce Charman Appointed Vice President of Underwriting at ABEX

Joyce Charman

Joyce Charman
VP Underwriting, ABEX

Jim McGregor, CEO and Chairman of The Precept Group Inc. and ABEX Affiliated Brokers Exchange Inc., is pleased to announce the appointment of Joyce Charman as Vice President, Underwriting at ABEX Affiliated Brokers Exchange Inc.

Ms. Charman joined ABEX in 2007 and until recently held the position of Manager. Ms. Charman brings to her new role a wealth of experience from her background as a marketing representative, underwriter and manager at several insurance companies and brokerages.

Her responsibilities include overseeing the management and development of the company’s insurance portfolio while strengthening relationships with existing and developing relationships with potential broker clients.

Ms. Charman holds her BA from University of Western Ontario, as well as Chartered Insurance Professional and Certified Risk Manager designations.

ABEX Affiliated Brokers Exchange is an insurance wholesaler (MGA) providing niche products and insurance solutions to brokers across Canada. ABEX provides brokers with capacity and specialty facilities to create out of the box solutions for standard and misunderstood risks.

ABEX leads the industry by offering ABEXAccess, a ground-breaking technology that provides secure Real-Time Rating and Paperless Policy issuance through ITS’ BindEasy policy administration system. ABEXAccess provides a combination of easy access and high efficiency, enabling brokers to submit risks electronically from their office or from the field, using a multitude of devices, including iPad, smartphone, tablet, laptop or desktop.


Jad McGregor Appointed President of ABEX

Jad McGregor

Jad McGregor
President, ABEX

Jim McGregor, CEO and Chairman of ABEX Affiliated Brokers Exchange Inc., is pleased to announce the appointment of Jad McGregor as President.

Mr. Jad McGregor joined ABEX in 2006 where most recently he held the position of VP Business Development. Prior to joining the company, his experience includes several years with an insurance company and working in the London market at Lloyd’s.

Mr. McGregor holds his HBSc from University of Guelph, as well as Chartered Insurance Professional and Certified Risk Manager designations.

In his new role Mr. McGregor will provide strategic leadership and executive oversight for the company. Mr. McGregor’s extensive knowledge and wealth of experience from his previous leadership roles will allow him to shape new opportunities and drive success for the organization.

ABEX Affiliated Brokers Exchange is an insurance wholesaler (MGA) providing niche products and insurance solutions to brokers across Canada. ABEX provides brokers with capacity and specialty facilities to create out of the box solutions for standard and misunderstood risks.

ABEX leads the industry by offering ABEXAccess, a ground-breaking technology that provides secure Real-Time Rating and Paperless Policy issuance through ITS’ BindEasy policy administration system.  ABEXAccess provides a combination of easy access and high efficiency, enabling brokers to submit risks electronically from their office or from the field, using a multitude of devices, including iPad, smartphone, tablet, laptop or desktop.


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