1 billion users troubled by Yahoo hack

Technology - Mohit Shah - Dec 15,2016

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1 billion users troubled by yahoo hack

Global technology company, Yahoo, announced that the hacking attack of 2013 may have affected around one billion accounts.

The tech giant said that these figures are completely different as compared to the 2014 security breach which revealed 500 million user accounts were accessed without permission. This report was disclosed in the month of September that created a huge fuss over Yahoo’s credibility.

Yahoo confirmed that phone numbers, email addresses and passwords were stolen; however, bank and payment details of the users remained intact.

These new statistics by Yahoo reveal that this current incident is “distinct from the incident the company disclosed on September 22, 2016".

The authorities and security experts had been investigating the 2014 security breach during which this three-year-old hack was discovered. As a quick response, Yahoo account users were immediately informed on changing their passwords along with the security questions.

This is an extremely vulnerable situation for Yahoo as the company has come under huge pressure regarding the delay in the security break announcement to the worldwide public.

According to Troy Hunt, cyber security expert, “this would be far and away the largest data breach we've ever seen.” He also expressed his concerns regarding the count of affected accounts reaching double the value in comparison to the previous revelations.

US mobile carrier, Verizon, is going to take over Yahoo; however, the latest disclosure has raised serious questions about the $4.8 bn acquisition. It is expected that if the hacking issue causes user retaliation against Yahoo, then its services might not be profitable to Verizon.

According to Hunt, Verizon had already devalued the bid by $1 (20% of the original value) after the reports of the 2014 Yahoo hack were confirmed. The current revelations will surely impact the net cost, mainly due to the failed attempts by Yahoo in retaining its bright past status.