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Yahoo is poised to confirm a massive data breach of its service, according to several sources close to the situation, hacking that has exposed several hundred million user accounts.
Earlier this summer, Yahoo said it was investigating a data breach in which hackers claimed to have access to 200 million user accounts and one was selling them online. “It’s as bad as that,” said one source. “Worse, really.”
The announcement, which is expected to come this week, also has possible larger implications for the $4.8 billion sale of Yahoo’s core business — which is at the core of this hack — to Verizon. The scale of the liability could bring untold .aches to the new owners. Shareholders are likely to worry that it could lead to an adjustment in the price of the transaction.
But there’s nothing smooth about this hack, said sources, which became known in August when an infamous cybercriminal named “Peace” claimed on a website that he was selling credentials of 200 million Yahoo users from 2012 on the dark web for just over $1,800. The data allegedly included user names, easily decrypted passwords and personal information like birth dates and other email addresses.
originally posted by: Macenroe82
They should have addressed it to their users.
I left Yahoo more than 15 years ago.
Hackers stole information from about 500 million users from Yahoo, the company has confirmed. The breach occurred in late 2014 and included swathes of personal identifiable information, as well as “unencrypted security questions and answers”. It did not include any credit card data, the site said, adding it believed the attack was state-sponsored. In July, Yahoo was sold to US telecoms giant Verizon for $4.8bn (£3.7bn). It is not yet known if the breach will have an impact on that sale or its valuation.