Items tagged with Yahoo

Back in 2013, Yahoo's database was breached by hackers and it wasn't discovered or reported until 2016. When that reporting happened last year, Yahoo thought that detials on 1 billion of its user accounts had been stolen. As it turns out, things are much worse than Yahoo (now owned by Verizon and part of Oath) originally thought. Yahoo reports that after its acquisition by Verizon and during the integration of the two companies, new intelligence on the breach was found and that it now believes all 3 billion accounts existing in 2013 were stolen in the hack. Yahoo reminds users that this isn't a... Read more...
Once Verizon completes its acquisition of Yahoo and merges it with AOL, it will create a new "value" division called "Oath." Tim Armstrong, the longtime CEO of AOL, tweeted out the new name and it did not take long for the Internet to start mocking it. That is to be expected when snark seems to rule the web, though Verizon certainly didn't do itself any favors by settling on the name "Oath" without any explanation to how it arrived at that brand.Here is a look at the original Twitter post and some of the comments that followed: Billion+ Consumers, 20+ Brands, Unstoppable Team. #TakeTheOath. Summer... Read more...
The investigation regarding the 2014 Yahoo hack is finally getting somewhere. The United States Justice Department just announced the indictment of two members of the Russian intelligence agency FSB, and two hackers hired by the Russians. The spies managed to hack into 500 million Yahoo accounts. The charges against the four include hacking, wire fraud, trade secret theft and economic espionage. The United States currently does not have an extradition treaty with Russia, which will make bringing the criminals to justice difficult. The Justice Department also noted that people sometimes slip away... Read more...
Marissa Mayer’s tenure as Yahoo CEO is quickly winding down. The troubled internet portal has been in the news for all the wrong reasons following Verizon’s announcement last year that it would purchase the company for $4.83 billion. However, we are learning today that once Mayer steps down following the close of the deal with Verizon, she will be floating back to earth with a pretty snazzy golden parachute. Regulatory documents, which were filed today, shows that Mayer will receive a total of $23 million in compensation when she leaves the company. That figure includes roughly $3 million in cash,... Read more...
Yahoo CEO Marissa Mayer has come under a lot of fire this year, especially for the number of security breaches the corporation has divulged. As a result, Mayer has decided to forgo her usual annual bonus and will instead redistribute it among the corporation’s employees. Mayer remarked on her Tumblr account, “I am the CEO of the company and since this incident happened during my tenure, I have agreed to forgo my annual bonus and my annual equity grant this year and have expressed my desire that my bonus be redistributed to our company’s hardworking employees, who contributed so much to Yahoo’s... Read more...
Verizon has made it official -- the company today revealed that it has mutually agreed to lower its purchase price of Yahoo by $350 million, bringing the total value of the deal down to $4.48 billion in cash. This follows a report from last week, which indicated that Verizon was seeking a $250 million to $350 million discount for the internet portal. “The amended terms of the agreement provide a fair and favorable outcome for shareholders,” stated Marni Walden, Verizon’s Executive Vice President and President of Product Innovation and New Businesses. For her part, current Yahoo CEO Marisa Mayer... Read more...
Everyone loves a discount, especially when that discount ranges in the millions of dollars. Verizon is reportedly trying to reduce the $4.83 billion USD price tag for Yahoo, Inc. by $250 million. The renegotiation is in light of Yahoo’s disclosures of past security breaches. Yahoo revealed three security breaches this past year. In May, the corporation disclosed that Russian hackers stole and traded on the black market information from more than 40 million Yahoo accounts. The information was mostly from American banking, manufacturing, and retail outfits. This past summer, a hacker known as “Peace”... Read more...
By now you might have heard that Yahoo is changing its name to Altaba following its sale to Verizon Communications, and that Yahoo CEO Marissa Mayer is stepping down from the company's board of directors. News of Yahoo's fate spread like wildfire last night after Yahoo posted a filing with the United States Securities and Exchange Commission (SEC) detailing the changes, though there are a few things that need clarifying. One of them is that Yahoo probably is not going to disappear.Let's back up a moment. Verizon agreed to purchase Yahoo's search engine and web properties for $4.83 billion back... Read more...
The growing consensus is that the U.S. government is overstepping its bounds and trampling on people's right to privacy. Former NSA contractor Edward Snowden blew the whistle on the government's vast spying program, and while that was an eye opener for the country (and world) at large, the full extent of its efforts are still coming to light. The most recent example is the email scanner Yahoo built under the direction of the NSA and FBI.Developed in secret, the email scanner was found to be a sophisticated hacking tool, or rootkit, as some experts have classified it. The email scanner gave the... Read more...
Let’s put it bluntly; it sucks to be Verizon right now. Back in July, the company announced its intentions to purchase Yahoo for $4.83 billion in an effort to “enhance [its] strategy of providing a cross-screen connection for consumers, creators and advertisers.” That paltry price tag was a relative bargain compared to the $50+ billion that Microsoft was rumored to offer for Yahoo earlier in the decade. However, not long after Verizon made its intentions known, it was rocked by the news that Yahoo executives sat on information that 500 million accounts had been hacked in 2014. Following these disclosures... Read more...
My phone just pinged. Did someone just like the Instagram photo of my dog? Is my Chipotle to-go order finally ready? Nope, I was one of the lucky one billion users whose Yahoo account was infiltrated by hackers, my personal information potentially compromised. This past November law enforcement provided Yahoo with files that a third party claimed was Yahoo user data. Yahoo then hired an outside forensics team, and established that the data did in fact belong to their users. According to Yahoo, “Based on further analysis of this data by the forensic experts, we believe an unauthorized third party,... Read more...
Yahoo is again catching fire over a security breach dating back to 2014 that compromised the accounts of 500 million users, though this time the criticism is aimed at Yahoo's lack of timely disclosure. The company fessed up earlier this week that at least some of its employees had knowledge that a cyberattacker backed by a foreign government had hacked into its systems. The disclosure is contained in a filing Yahoo made this week with the United States Securities and Exchange Commission (SEC). In it, Yahoo says it "had identified that a state-sponsored actor had access to the company’s network... Read more...
Yahoo can't seem to catch a break these days. At least one research firm predicts the company will report a double-digit decline in ad revenue when it reports earnings with the Securities and Exchange Commission. Coupled with the negative attention Yahoo has received over a massive security breach and the revelation that it built a sophisticated email scanner for the U.S. government to spy on its users, there's increasing chatter than the Verizon deal might be off. Verizon agreed to purchase Yahoo for $4.8 billion last July, but in the time that's passed since then and now, Yahoo's taken a beating... Read more...
Yahoo has turned back on the automatic forwarding feature for Yahoo Mail users after previously disabling the function as part of what the firm claimed was planned maintenance. It's sticking with that explanation, saying the temporary disruption was part of a broader upgrade to its email service that's been taking place over the course of the year.Image Source: Flickr (Rodrigo Paoletti) "Last week, we temporarily disabled the ability to add new automatic forwarding in Yahoo Mail. As of today, auto-forward is enabled again for all Mail users," said Michael Albers, VP of Product Management, Yahoo... Read more...
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