Avid Life Media CEO Resigns in Wake of Ashley Madison Hack

Avid Life Media CEO Noel Biderman has resigned in the wake of the massive hack of the company’s cheating site Ashley Madison.

The company made the announcement this morning.

“This change is in the best interest of the company and allows us to continue to provide support to our members and dedicated employees,” the company said.

AshleyMadison.com, whose motto is ‘Life is short. Have an affair,’ was hacked in July by The Impact Team, which posted a lengthy “manifesto” criticizing the company for “lying” to its customers by promising to erase their profiles for a $19 fee, but not actually doing so.

Nearly one month after hackers stole large caches of the sensitive data from AshleyMadison.com, nearly 10-gigabytes of the alleged data, including log-ins, payment information, member addresses and phone numbers, was posted to the dark Web.

The Impact Team dumped a second batch of data online last week, including internal e-mails and a message to company founder Noel Biderman.

“Hey Noel, you can admit it’s real now,” the Impact Team posted in the dump to taunt Biderman.

Avid Life Media, the Canadian company that owns Ashley Madison, is offering a $500,000 reward ($377,000 U.S.) to anyone providing information leading to the arrest of those involved in the hack.

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