Majority of eBay users have reset their passwords since cyberattack -CEO

SAN FRANCISCO, July 16 Wed Jul 16, 2014 6:01pm EDT

SAN FRANCISCO, July 16 (Reuters) - eBay Inc Chief Executive Officer John Donahoe said on Wednesday that buyers representing roughly 85 percent of "effective volumes" on its platform have reset their passwords since a massive security breach earlier this year that exposed users' data.

EBay asked its users to change their log-ins when the cyberattack was disclosed in May, as a security precaution. Donahoe added that buying activity had decelerated sharply in June and some buyers that had reset passwords had still not reverted to normal activity levels. (Reporting by Edwin Chan; Editing by Chris Reese)