Yahoo announced largest ever customer data breach of over one billion accounts, may affect acquisition deal with Verizon

Briefing

Yahoo announced largest ever customer data breach of over one billion accounts, may affect acquisition deal with Verizon

February 7, 2017

Briefing

  • Stolen Customer Data – 2013 data breach affected more than one billion user accounts, resulting in stolen names, phone numbers, passwords, and e-mail addresses
  • Largest Ever Data Breach – Twice the number of 2014 hack attributed to state-sponsored hacker, which involved 500 million user accounts, making 2013 incident largest data breach recorded to date
  • Buyout Devaluation – Verizon allegedly devalued acquisition of Yahoo by $1 billion upon learning of 2014 hack, and will evaluate situation as Yahoo investigates
  • Yahoo's Highs and Lows – Yahoo’s valuation hit $125 billion during dot-com boom but failed to arrest decline despite several attempts to revive company

Accelerator

Sector

Information Technology

Organization

Yahoo! Inc.

Source

Original Publication Date

December 14, 2016

Leave a comment