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Valve's gaming platform is experiencing a Christmas disaster (updated)

Players on Steam are able to access other people's private information.

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In a major security lapse, players on Valve's Steam platform have been able to access other people's accounts. As per reports, when players logged into their accounts on the massive gaming site, they were able to see someone else's information including email addresses, credit card details and previous purchases. What makes this breach even more critical is that Steam was in the middle of its winter sale, which tends to attract a large number of PC gamers to the website.

While the glitch hasn't surfaced for all users, many reported being able to access random accounts this afternoon. The reason for the security blunder isn't clear yet. But as per the most recent update on Reddit, the company is "working on it."

Update, 12/25/2015, 10:24PM ET: Valve has given a statement to GameSpot, claiming that the issue has been resolved. Here's the statement in full:

"Steam is back up and running without any known issues," a Valve spokesperson told GameSpot. "As a result of a configuration change earlier today, a caching issue allowed some users to randomly see pages generated for other users for a period of less than an hour. This issue has since been resolved. We believe no unauthorized actions were allowed on accounts beyond the viewing of cached page information and no additional action is required by users."

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