Yahoo news
Yahoo has confirmed that nearly 3 billion accounts that were created before August 2013 had been compromised in the data theft. This data theft took place at the end of 2013. The data compromised includes name, email address, hashed passwords, birthdays and phone numbers. And, in some cases, encrypted or unencrypted security questions and answers. This data breach cost them during its sale to Verizon in Feb 2017. Verizon reduced the amount offered by $350 million and completed the purchase 4 months back for $ 4.48 billion. Once the face of the internet, they are currently facing 48 consumer class lawsuits for the data theft on its platform.
It has claimed that all their 3 billion of its accounts were hacked in a 2013 data theft. Which has tripled its prior estimate of the size of being the largest breach in history.
The news expanded making the shareholders and the Yahoo account holders for claims of class action lawsuits. Yahoo is considered as the face of internet in the early stages of web interface in the world. It has already faced at least 41 consumer class-action lawsuits.
Whats Next
John Yanchunis is a lawyer representative of some of the affected Yahoo users. He said a federal judge who allowed the case to go forward still had asked for more information to justify his clients’ claims.
“I think we have those facts now,” he said. “It’s really mind-numbing when you think about it.” Yahoo disclaimed last December that data from more than a billion of accounts was compromised in 2013. Which is the largest of a series of thefts that has lead Yahoo to cut the price of its assets in a sale to Verizon.
Yahoo said after its investigation that the stolen information did not include major details. Which are like passwords in clear text, payment card data, or bank account information of the users.
Though their users have multiple accounts, so much lesser than 3 billion users were affected. But this theft ranks as the largest till date, and a costly one for the internet pioneer. Because of which Verizon in February has lowered its original offer by $350 million for their assets.
