More than 360 million accounts on MySpace have been hacked and put up for sale online.
Time Inc, which bought the social networking site in February, says the hacked data is limited to accounts made before June 2013, when a stronger account security system was launched.
"We are currently utilising advanced protocols including double salted hashes (random data that is used as an additional input to a one-way function that "hashes" a password or passphrase) to store passwords," MySpace said in a statement.
Many of the accounts hacked likely belong to people who no longer use the site. A decade ago it was the largest social networking site in the world, a crown it lost to Facebook around 2008.
News Corp paid US$580 million for it in 2005, taking a massive loss in 2011 when it was sold for US$35million.
"We screwed up in every way possible, learned lots of valuable expensive lessons," Rupert Murdoch said in 2012.
MySpace is working on notifying affected users.
Newshub.
