A FAQ page set up by MyFitnessPal with further information can be viewed here. The company has a current ratio of 2.07, a quick ratio of 1.26 and a debt-to-equity ratio of 0.37. Users are required to change their passwords and the company is urging users to do so immediately. Shares of NYSE:UAA opened at 9.19 on Tuesday. The notices included details on what users of the app could do to protect their accounts and a digital version of the notification can be seen here. Notifications began four days after Under Armour learned of the breach via email and in-app messaging. The investigation is ongoing, but the breach appears to affect about 150 million users. Under Armour (NYSE: UA), the originator of performance footwear, apparel and accessories, revolutionized how athletes across the world dress. It wrote, "Payment card data was also not affected because it is collected and processed separately." Under Armour announced late last week that it is selling off MyFitnessPal to investment firm Francisco Partners for 345 million a fair bit lower than the 475 million it paid for the connected fitness app and platform back in 2015. MyFitnessPal was advised by the investment banking firm Qatalyst Partners and the law firm Fenwick & West LLP. Under Armour is also clear that payment data wasn't accessed in the hack.
Under Armour wrote, "The investigation indicates that the affected information included usernames, email addresses, and hashed passwords - the majority with the hashing function called bcrypt used to secure passwords." Under Armor notes that all information stolen in the hack that wasn't protected via bcrypt was protected using SHA-1 160-bit hashing function.
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