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Marriotts Starwood database hacked, 500 million may be affected




(Reuters) – Marriott International said Friday hackers stole about 500 million records from Starwood Hotels reservation system in an attack that began four years ago, revealing personal data from customers, including some payment card numbers.

The logo of the Marriott hotel is set in Vienna, Austria, April 9, 201[ads1]8. REUTERS / Heinz-Peter Bader

Shares in the company were down 4 percent at 117 dollars in premarket trading.

Hacket began in 2014 before Marriott offered to buy Starwood for $ 12.2 billion in November 2015, and purchased brands such as the Sheraton, Ritz Carlton and Autograph Collection to create the world's largest hotel operator. The company concluded the Starwood agreement in September 2016.

Marriott said for 327 million guests, compromised data may include passport details, phone numbers and email addresses. For some others, it may include credit card information.

Marriott said it first found out about the break after an internal security tool sent a notice on September 8th.

"We have opened a survey of Marriott data violations. In addition, under the New York Act, Marriott was instructed to give notice to our office by discovering the breach; they have not done it yet," said Amy Spitalnick, [19659004] Communications Director and Senior Policy Advisor, the Office of the New York Attorney General.

Marriott said it would inform affected guests about the violation, from Friday, and that it had reported it to law enforcement and regulatory authorities.

Several companies have Had data hack in recent years. The break can cost Marriott hundreds of millions of dollars in legal costs.

Yahoo said last year all of its three billion accounts were hacked in a data theft for 2013. Lawyers had said that the violation increased legal exposure to its New Owner Verizon Communications Inc.

Altaba Inc., as Yahoo came to be known after Verizon bought it, said that it expected to pay a total of $ 47 million in court cases of avg make related matters.

The news of the attack highlights the need for companies to be aware of network security when making acquisitions.

"Understanding the cybersecurity attitude of an investment is critical to assessing the value of the investment and considering reputational, financial and legal damage that could come to the company," said Jake Olcott, a vice president of cybersecurity firm BitSight.

Marriott said on Friday that it was too early to estimate the economic impact of the breach and that it would not affect its long-term financial health. The hotel chain said it worked with its insurance companies to assess coverage.

Our Standards: Thomson Reuters Trust Principles.



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