The hack of Yahoo, still one of the internet’s busiest sites with one billion monthly users, also has far-reaching implications for both consumers and one of America’s largest companies, Verizon Communications, which is in the process of acquiring Yahoo for $4.8 billion.
“Cybersecurity can absolutely affect a valuation, and these are important questions that investors need to be asking,” said Jacob Olcott, vice president of BitSight Technologies, a security company.
Yahoo! Mail is one of the oldest free email services, and many users have built their digital identities around it, from their bank accounts to photo albums and even medical information.
Hints of the epic breach came in summer when a dark web dealer called Peace offered 200 million usernames and passwords of Yahoo users on a Tor-based market called The Real Deal, as reported by Vice Motherboard. Rumours then emerged Yahoo was ready to admit the breach, but it’s now confirmed the hack was even bigger than first indicated.
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