Verizon Demands a Better Deal After Yahoo's Latest Historic Hack

After revealing the smaller breach of 500 million in September, six US senators sent the tech company a letter demanding exactly when the company had learned of the intrusion, finding it "unacceptable that millions of Americans' data may have been compromised for two years".

In the November statement Yahoo filed with the U.S. Securities and Exchange Commission it said that the 2014 hack that affected 500-million users resulted in the looting of: "user account information taken included names, e-mail addresses, telephone numbers, dates of birth, hashed passwords (the vast majority with bcrypt) and, in some cases, encrypted or unencrypted security questions and answers". "Based on the ongoing investigation, we believe an unauthorized third party accessed our proprietary code to learn how to forge cookies", Lord said. The investigation so far suggests hackers did not obtain credit card or bank account information. Yahoo has been working with law enforcement and a third-party cybersecurity firm to to verify the hack and trace its origin, but the company says that so far it doesn't know who the perpetrator was. The technical team of the company states that they discovered the breach while reviewing the data provided to the company during law enforcement.

Given that the breach occurred three years ago, resetting users' passwords might be too little too late, according to security experts.

Separately, Yahoo previously disclosed that its outside forensic experts were investigating the creation of forged cookies that could allow an intruder to access users' accounts without a password.

Verizon shares rose 0.4% to close at $51.81, in line with the S&P 500 Index. The company is sending out security notices, but all users should immediately reset their Yahoo passwords, and assume that any use of a similar password is unsafe and should change. That breach occurred in 2014 and went undetected by the tech firm for almost two years.

That hack took place in 2014 but was only made public in September. Yahoo believes this incident is likely distinct from the incident the company disclosed on September 22, 2016.

Just Eat plans to swallow its rivals for £300m bill
Additionally, Just Eat revealed it was buying Canadian competitor SkipTheDishes in a deal worth CAD$110 million (USD$83 million). The company also this morning announced it had agreed to buy Canadian delivery platform Skip The Dishes for £66.1m.

Aleppo civilians allegedly killed 'on the spot'
Haid Haid, a Syrian researcher and associate fellow at Chatham House, said the deal was more of "a surrender, not a ceasefire". He said they were "deceiving" themselves if they believed they did not bear some responsibility for the "terrible tragedy".

EPL: Origi Spares Liverpool Blushes Against West Ham
West Ham move up to 17th spot in the league table. "He's one of the biggest talents, he's a great player", the manager said . We've got two points and now we've got Burnley and after that, Hull at home.

"We are confident in Yahoo's value and we continue to work towards integration with Verizon", a Yahoo spokesman said in a statement to Forbes.

Yahoo yhoo came under renewed scrutiny by federal investigators and lawmakers on Thursday after disclosing the largest known data breach in history, prompting Verizon Communications vz to demand better terms for its planned purchase of Yahoo's internet business.

Verizon had already said in October it was reviewing the deal after September's breach disclosure.

If any of the user accounts were in Europe, the company could be subject to tough European penalties, too, Webber said.

As previous large-scale hacks have shown, the security breach is unlikely to be limited to Yahoo accounts.

Yahoo announced Wednesday that hackers stole data from more than one billion customer accounts. Avetisov said. "It would be prudent to change everything".

Related news:


Hot News

isis-killer-beheading-video-story-top Astronomers spot 'planet-eating' star similar to our own sun
Dec 20, 2016 - 00:28
In 2015, the research team discovered its first exoplanet using the 3.6-metre telescope at La Silla Observatory in Chile. Migrating planets can have a myriad of effects on other planets, asteroids and comets, and even the stars themselves.

isis-killer-beheading-video-story-top Facebook introduces Group Video Chat in Messenger
Dec 20, 2016 - 00:26
After popular demand, both iOS and Android devices will be able to start live group video chat directly within the application. Tap on the video icon on the upper right of the screen to enter the video chat and everyone in the group will be notified.

isis-killer-beheading-video-story-top Platinum Partners: hedge fund bosses face charges in $1bn fraud case
Dec 20, 2016 - 00:26
Now, half a dozen top executives of the fund, including its other co-founder, have capped off 2016 by getting arrested this morning.

Three injured in shooting at Islamic centre in Zurich
Dec 20, 2016 - 00:25
There are other businesses in the area, including a commercial training college, an architect's practice and a shopping centre. There were conflicting news reports about whether the shooting had taken place inside a prayer room itself, or outside.

isis-killer-beheading-video-story-top 'Rogue One' soars to second-best December debut with $155M
Dec 20, 2016 - 00:21
Some conservatives also took issue with the team behind the movie and the political comments surrounding Star Wars . The only movie that ranks above it: last year's " Star Wars " movie " Star Wars : The Force Awakens ".

Aamir reveals why Rajinikanth didn't dub for 'Dangal'
Dec 18, 2016 - 00:30
Despite loving the movie, Rajini can not lend his voice to the Tamil version of the film as "his voice is too recognisable". On work front, the 51-year-old will be seen next as wrestler Mahavir Singh Phogat in " Dangal ".

isis-killer-beheading-video-story-top Woman raped in vehicle by driver at South Delhi's Moti Bagh
Dec 18, 2016 - 00:29
They said that the victim was waiting for a bus at around 2200 hrs last night near the AIIMS when the accused offered her a lift. Police seized the Maruti Suzuki SX4 auto , in which the woman was allegedly raped, 100 metres away from the spot of the crime.

Say Congratulations to Sundance Head
Dec 16, 2016 - 00:38
Of course, there were power-packed performances by various artists also like Bruno Mars, Ariana Grande, and Kelly Clarkson. Head's performances during the finale included " Darlin' Don't Go ", an original song written for his wife, Misty.

isis-killer-beheading-video-story-top American charged in bank hacking turned down Russian asylum: Lawyer
Dec 16, 2016 - 00:38
If they're convicted of all charges, Aaron and Shalon could face as long as 117 years in federal prison. Aaron pleaded not guilty to the charges during a brief appearance Wednesday before a magistrate judge.

Heineken wins race for £400m Punch deal
Dec 16, 2016 - 00:35
Heineken will pay 305 million pounds to buy the majority of Punch's pubs, almost tripling its existing United Kingdom estate. There were 50,800 pubs in Britain past year , the British Beer and Pub Association says, down from 67,800 in 1982.

isis-killer-beheading-video-story-top Wind chill could hit 0 Sunday morning
Dec 15, 2016 - 00:47
Each front that comes through southern New England the next 48 hours will trigger a few snow showers and squalls along the way. The forecast says that snow will begin falling a little after sunrise, with accumulations of up to four inches possible.

isis-killer-beheading-video-story-top Instagram Live Video Launches In The US
Dec 15, 2016 - 00:47
The Facebook-owned company is moving away from its photo-sharing roots towards more video content. Instagram's Live feature is very similar to Facebook Live that launched in January 2016.

Cris Cyborg reacts to not fighting for the UFC's inaugural featherweight title
Dec 15, 2016 - 00:46
Invicta FC featherweight champion and UFC fighter Cris "Cyborg" Justino became a US citizen on Tuesday. Founder of - After writing for Ultimate MMA magazine and serving as the editor for U.S.

isis-killer-beheading-video-story-top Oscar's Shanghai move cleared as FA levies fines
Dec 15, 2016 - 00:44
In fact, the Brazil global has not started a game since 16 September, a 2-1 defeat to Liverpool at Stamford Bridge. Oscar joined Chelsea in 2012 and has won the Premier League, Europa League and League Cup with the London side.

isis-killer-beheading-video-story-top This has been the best series win by far: Kohli
Dec 14, 2016 - 05:00
This is the seventeenth unbeaten test for India in a row and with this victory, India also won the test series against England . And then Ashwin, rightly finished off things having Anderson caught at mid-on by Umesh Yadav and India were over the moon.