Bits and Bytes

Chegg – a publicly-traded provider of digital textbooks, tutoring and study guides – notified the SEC yesterday that they learned a week ago about a security breach dating back to April 2018. In their 8-K filing:

On September 19, 2018, Chegg learned that on or around April 29, 2018, an unauthorized party gained access to a Company database that hosts user data for chegg.com and certain of the Company’s family of brands such as EasyBib. The Company understands that the information that may have been obtained could include a Chegg user’s name, email address, shipping address, Chegg username, and hashed Chegg password. The investigation into the incident, which is supported by third-party forensics, is ongoing. To date, the Company understands that no social security numbers or financial information such as users’ credit card numbers or bank account information were obtained. The Company expects to start notifying approximately 40 million active and inactive registered users and certain regulatory authorities on September 26, 2018.

***************************

You must be a subscriber to one of our EdTech Market Analysis plans to view this page.