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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.
As it turned out, We-Vibe toys were collecting and sending "highly intimate and sensitive data" back to the company's servers without the user's permission.The passwords were either stored as plain text or encrypted using the obsolete and insecure SHA-1 cipher.While your microwave definitely isn't spying on you, it's always important to make informed choices about which connected devices you bring into your home.Friend Finder was launched in 1996 by Andrew Conru.After discovering that users had been using the service to seek sexual partners, he launched Adult Friend Finder as a spin-off, followed later by other spin-offs dealing with different regions and niches.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.
Netsafe has received reports of certain acts performed on a webcam being published on social media.
CERT said this version of the scam was involved a hacker posing as an attractive person on a social media or dating website and encouraging another person to perform the acts to a webcam, which they record and later blackmail the person with.
The contemplated public offering, scheduled to reach the market on January 27, 2010 was delayed by FFN.
Friend Finder had not turned a net profit since at least 2008.
Case in point: the 9 Svakom Siime Eye, Wi-Fi-enabled vibrator -- which comes with a built-in camera for livestreaming and, according to security researchers at Pen Test Partners, an interface that can be easily hacked by anyone within Wi Fi range.