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Yahoo Is Expected To Confirm Massive Data Breach, Impacting Hundreds Of Millions Of Users

Posted by manishs on Thursday September 22, 2016 @10:40AM from the security-blues dept.

Last month, it was reported that a hacker was selling account details of at least 200 million Yahoo users. The company's service had apparently been hacked, putting several hundred million users accounts at risk. Since then Yahoo has remained tight-lipped on the matter, but that could change very soon. Kara Swisher of Recode is reporting that Yahoo is poised to confirm that massive data breach of its service. From the report:

While sources were unspecific about the extent of the incursion, since there is the likelihood of government investigations and legal action related to the breach, they noted that it is widespread and serious. Earlier this summer, Yahoo said it was investigating a data breach in which hackers claimed to have access to 200 million user accounts and 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 possible larger implications on 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 be large and bring untold headaches to the new owners. Shareholders are likely to worry that it could lead to an adjustment in the price of the transaction.

https://it.slashdot.org/story/16/09/22/095255/yahoo-is-expected-to-confirm-massive-data-breach-impacting-hundreds-of-millions-of-users?utm_source=feedly1.0mainlinkanon&utm_medium=feed