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The first data breach occurred on Yahoo servers in August 2013 [1] and affected all three billion user accounts. [2][3] Yahoo announced the breach on December 14, 2016. [4] Marissa Mayer, who was CEO of Yahoo at the time of the breach, testified before Congress in 2017 that Yahoo had been unable to determine who perpetrated the 2013 breach.
On February 21, 2017, Verizon agreed to lower its purchase price for Yahoo! by $350 million, and share liabilities regarding the investigation into the data breaches. [71] On June 8, 2017, Yahoo shareholders approved the company's sale of some of its Internet assets to Verizon for $4.48 billion. The deal officially closed on June 13, 2017.
The company reported two major data breaches of user account data to hackers during the second half of 2016. The first announced breach, reported in September 2016, had occurred sometime in late 2014, and affected over 500 million Yahoo! user accounts. [43] A separate data breach, occurring earlier around August 2013, was reported in December ...
More than 1 billion Yahoo accounts may have been exposed after a third-party hacker hit the internet company in a separate attack.
The report follows an Aug. 1 story in tech news site Motherboard that said a cyber criminal known was selling the data of about 200 million Yahoo users.
The new proposal includes a single fund from which $55 million would be available for out-of-pocket costs and $24 million in identity theft protection for class members.
July 25, 2016: Verizon agrees to purchase Yahoo's operating business for $4.8 billion. [146] September 22, 2016: Yahoo! reports a data breach of user account data that occurred sometime in late 2014, and affected over 500 million Yahoo! user accounts − said to be the largest known data breach by then. [147]
Yahoo just revealed that in August 2013, someone stole data linked to more than one billion accounts. Back in September, the company announced a 2014 security breach affecting some 500 million ...