Dave Knott writes: Following the recent hacks on the infidelity website Ashley Madison, Noel Biderman has stepped down as CEO of both AshleyMadison.com and its parent company. Avid Life Media Inc., the company that owns the site and many others, announced Biderman's move in a short press release on Friday: "Noel Biderman, in mutual agreement with the company, is stepping down as chief executive officer of Avid Life Media Inc. (ALM) and is no longer with the company. Until the appointment of a new CEO, the company will be led by the existing senior management team." Before the data hack, the company was planning an IPO in London that would have taken in as much as $200 million from investors. According to regulatory filings, the company had $115 million in revenue last year, more than four times the amount it obtained in 2009.
Meanwhile, in related news, Brian Krebs (the reporter who first uncovered the hack) says he has uncovered clues to the possible identity of the hacker.
Krebs says he noticed the Twitter account operated by a known hacker recently posted a link to Ashley Madison's stolen proprietary source code before it was made public. Intrigued by the poster's apparent access, he examined the account's posting history and noticed a predilection for the music of Australian hard rock band AC/DC. This jibes with the behavior of the hacker(s), who had displayed threatening messages on the computers of Ashley Madison employees, accompanied by AC/DC song Thunderstruck. In a series of tweets, the owner of the account, one Thadeus Zu, appears to deny that he was behind the hack, and indeed makes several suggestions that the account itself isn't even run by one person, but is instead an amalgam of like-minded digital vigilantes.
The NY Times also reports that people whose details were contained in the leak are beginning to face threats of blackmail.
Read more of this story at Slashdot.