Yahoo confirms data breach: 500 million accounts hacked

Yahoo confirms data breach, as infirmation from at least 500 million accounts was stolen. The company suspects state-sponsored actor behind the hack. What will happen to Verizon Yahoo acquisition?

23 September, AtoZForex – Information from at minimum 500 million Yahoo accounts from 2014 is reported to be stolen. The company states that the possible executor of the theft is some kind of state-sponsored actor.

Yahoo confirms data breach

To be specific, the information stolen may have comprised names, telephone numbers, email addresses, dates of birth. In particular cases the theft of encrypted or unencrypted security questions and answers is reported, according to the company. The Yahoo accounts information theft appears to be the largest ever in terms of user accounts.

The Federal Bureau of Investigation (FBI) stated it was aware of the account breaches and currently is investigating the issue. However, the FBI did not provide any specific details on who was behind the hack. The agency has commented:

“We take these types of breaches very seriously and will determine how this occurred and who is responsible.”

Is Verizon deal impacted?

Yahoo stated it was informing potentially impacted users and trying to safeguard their accounts by invalidating unencrypted security questions and answers. Also, the company noted that the users who have not changed their passwords since 2014 are advised to do so.

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The hack timing comes at the process of Yahoo Verizon acquisition, as $4.8 billion deal is expected to be done at the beginning of 2017. As Yahoo confirms data breach, Verizon was informed about the account breaches in yahoo within the last two days”. Verizon officials have commented on the attack:

“We understand that Yahoo is conducting an active investigation of this matter, but we otherwise have limited information and understanding of the impact.”

Given the uncertain nature of Yahoo ownership currently, “regulators should be concerned with who will take responsibility for the response to this compromise,” stated senior director of IT security and risk strategy at Tripwire, Tim Erlin.

The Internet equity analyst with SunTrust Robinson Humphreys Robert Peck says that Yahoo accounts hack may impact the deal with Verizon. He believes that Verizon might want to decrease the initial deal price by $100 million to $200 million.

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