Ashley Madison CEO Noel Biderman Steps Down

Noel Biderman, the 44-year-old Avid Life Media chief executive officer who runs the controversial extramarital dating site Ashley Madison, has stepped down, effective immediately. The company will be led by its existing senior management team until a replacement is found, according to a statement. This follows a major hack on the website that led to the leaking of millions of previously anonymous usernames and emails, the company said. The company, which has faced fierce backlash since the leak and a mounting number of lawsuits, said it is "actively adjusting to the attack" and cooperating with international law enforcement in the matter. Prior to the data breach, Avid Media had been planning to raise up to $200 million in an initial public offering.