Yahoo Declares Data Stolen From 1 Billion Accounts

Published On:December 15, 2016, 11:46 am

Yahoo mentions that hackers stole email addresses, names, dates of birth, phone numbers and encrypted or unencrypted security questions and answers from more than 1 billion user accounts. On Wednesday, Yahoo revealed a new security breach which may have affected more than one billion accounts.

The violation of breach dates back to 2013 and is considered to be different from a huge cyber-security incident that happened in September.

Yahoo now agrees that an ‘unauthorized third party’ stole the user data from those accounts in August 2013. However, apart from the stolen information which is previously mentioned, it did not contain any financial information of the users.

Yahoo will soon announce users who may be affected by the hacking and has already started requesting users to change their passwords. This security breach incident, which is probably one of the largest happened less than three months post yahoo acknowledged data from minimum of 500 million accounts which had been stolen.

The previously occurred breach, which Yahoo has ascribed to a ‘state-sponsored actor’, is mostly not related to the latest disclosed breach, as per the company.

Yahoo’s chief information security officer, Mr. Bob Lord stated that, "We believe this incident is likely distinct from the incident we disclosed on September 22, 2016."

Now, this second cyber-security threat has given rise to more concerns pertaining to whether Yahoo took enough precautions. One of the Yahoo’s former employee said that after the breach was revealed, "Security was pushed to the back end" behind "other priorities."

The pilot breach was primarily viewed as a danger to Verizon’s $4.8 billion deal to purchase Yahoo, given the possible impact on Yahoo’s brand name and user retentivity. Verizon got to know about the breach post agreeing to the acquisition and later mentioned that it may perhaps have a significant financial affect on the deal.

AOL CEO Tim Armstrong earlier this month stated that he was “cautiously optimistic” that the deal will go through, however this second catastrophic breach could change all of that.

On Wednesday, Verizon in a statement mentioned that, "As we've said all along, we will continue to evaluate the situation as Yahoo continues its investigation," "We will review the impact of this new development before reaching any final conclusions."

Yahoo’s stock dropped down by 2.5% in post hours of trading on Wednesday, following the disclosure.

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