CyberGate IT

After data breaches, Verizon knocks $350M off Yahoo sale, now valued at $4.48B

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“After the disclosure of two massive data breaches last year, today Yahoo and Verizon finally confirmed new terms for the sale of Yahoo to Verizon: Verizon will pay $350 million less than originally planned, working out to a price of $4.48 billion to acquire Yahoo. The two have also agreed to share legal and regulatory … Read more

Yahoo Warns Users Their Email Accounts May Have Been Hacked – Yes, Again

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“On the same day as a report that says Verizon is renegotiating its offer to buy Yahoo at a $250 million discount, the internet company — for the third time in less than six months — is warning users that there’s potential their email accounts may have been hacked. Yahoo confirmed today that it was … Read more

Yahoo says hackers stole information from over 1B accounts

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“Yahoo says it believes hackers stole data from more than one billion user accounts in August 2013, in what is thought to be the largest data breach at an email provider. The Sunnyvale, California, company was also home to what’s now most likely the second largest hack in history, one that exposed 500 million Yahoo … Read more

Yahoo discovered hack leading to major data breach two years before it was disclosed

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“Yahoo discovered the hack that led to a data breach affecting more than a half billion accounts nearly two years before the attack was disclosed in September, according to documents filed with financial regulators Wednesday. News of the breach broke as Yahoo was finalizing a deal to sell off its core business to Verizon. That … Read more

Verizon wants $1B discount on Yahoo deal after reports of hacking, spying

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“Verizon is pushing for a $1 billion discount off its pending $4.8 billion agreement to buy Yahoo, several sources told The Post exclusively. The request comes on the heels of the web giant getting bludgeoned by bad news in the past few days. Yahoo revealed two weeks ago that it had been hacked in 2014 … Read more

Calls for Federal Breach Notification Law Continue After Yahoo Data Breach

“Data breach prevention and response are again at the forefront of the public consciousness with the recent news of a massive data breach by Yahoo. The call for federal breach notification legislation was revived by the FTC on September 27, 2016, five days after the Yahoo breach was announced. During testimony before the U.S. Senate … Read more

Yahoo Data Breach Could Result In Lawsuits

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“Yahoo, which is reeling from a massive data breach, is reportedly facing a class-action lawsuit over it. According to a report, the company is facing two lawsuits, both filed in the U.S. District Court, since the massive breach was announced. “For Yahoo to lay the blame on state-sponsored entities for this data breach seems like … Read more

Yahoo facing lawsuits in the wake of massive data breach

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“Yahoo is facing lawsuits from people who fear their accounts have been hacked and claim the company was “grossly negligent,” putting their financial and personal data at risk. Two lawsuits, both filed in California, also allege that Yahoo (YAHOF) did not adequately disclose the breach that exposed private information of at least 500 million users. … Read more

Yahoo hack hit 500 mn users, likely ‘state sponsored’

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“Yahoo said Thursday a massive attack on its network in 2014 allowed hackers to steal data from half a billion users and may have been “state sponsored.” Yahoo, which confirmed details of the breach months after reports of a major hack, said its investigation concluded that “certain user account information was stolen” and that the … Read more

Yahoo says at least 500 million accounts hacked in 2014

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“Yahoo Inc said on Thursday information associated with at least 500 million user accounts was stolen from its network in 2014 by what it believed was a “state-sponsored actor.” The data stolen may have included names, email addresses, telephone numbers, dates of birth and hashed passwords but may not have included unprotected passwords, payment card … Read more