Myspace revealed that there was a massive breach in their system, which indicated that 427 million e-mail addresses along with their passwords were stolen from their databases.

The website revealed that the hack was back in June 11, 2013, which means that any account made prior to the aforementioned date is compromised. The hacker presumably known as "Peace," tried to sell the stolen data online, according to Myspace.

The data breach has been revealed to compromise e-mail addresses, along with their Myspace usernames and passwords. The breach from the seemingly forgotten social networking site could still pose an alarming threat.

While the social networking platform is not storing credit card information nor financial information in anyway, the same email addresses used in other websites put the users at risk.

If the numbers are confirmed, this would be considered one of the largest breaches of its kind. Out of 360 million Myspace registered users, 427,484,128 total passwords were retrieved by the hacker linking them to its users' email addresses, according to the LeakedSource.

Myspace has taken upon themselves to up their security features then. The social networking platform also made use of automated tools that attempts to "identify and block any suspicious activity that might occur on Myspace accounts."

Users returning to the relatively obsolete social media platform would also be prompted to authenticate their account, and would also be advised to change their passwords.

The massive leak is the latest from the string of data breaches and put of for sale online. Recently, 117 million LinkedIn accounts were stolen in 2011 and those responsible tried to sell them online early this May, according to the Telegraph.

In addition, it is reported that the social blogging website, Tumblr, also fell victim to the data breach. Although the hack put its users in a relatively smaller risk as the Tumblr passwords were encrypted in a process that made it difficult to crack.