Ashley Madison CEO steps down in wake of hacking

New York, Aug 28: The CEO of the company that runs adultery website Ashley Madison is stepping down in the wake of the massive breach of the company's computer systems and outing of millions of its members. Avid Life Media Inc. says Noel Biderman's departure is effective immediately and was a mutual decision.

"This change is in the best interest of the company and allows us to continue to provide support to our members and dedicated employees," Avid Life's statement reads. "We are steadfast in our commitment to our customer base."

Biderman didn't immediately return an email sent to his work account seeking comment. Biderman, who touted himself as "the king of infidelity," made millions off the philosophy that cheating is a natural part of married life.

The site charges a fee each time a member sends a potential lover a message. Biderman has written books espousing his views on adultery, including one published in 2011 titled: "Cheaters Prosper — How Infidelity Will Save The Modern Marriage." At the same time, the married father of two has claimed to be a devoted husband and that his wife of 12 years would be heartbroken if he ever broke his vows to her.

Privately held Toronto-based Avid Life grossed USD 115 million in earnings last year, according to tax documents and figures shared by Biderman with Forbes. Avid Life's statement released today went on to say that it's "actively adjusting" to the fallout from the hacking and continues to provide access to its services.

(AP)