Yahoo will soon be disclosing a major data breach of its main services, that has impacted over hundred million of its users. A report by Recode suggests that the impact may be quite widespread and serious. Last month, Yahoo reported a similar data breach where the hackers claimed to have had access to over accounts of 200 million users and had put those accounts online for sale for $1,800. The publication reports one of its sources as saying that the present data breach attack may be as bad or even worse than the last month s incident. The break-in is expected to be disclosed this week. Also Read - Your Window PC can now run Android appsAlso Read - Yahoo Groups to shut down from December 15
The reports about the data breach comes in the middle of an acquisition process, where Yahoo s core internet operations and land holdings is being taken over by Verizon communication, in a deal that was struck for $4.8 billion. This deal will bring the web portal together with its longtime rival AOL. The scale of liability may be large for the new owner and may come as an unexpected headache. The Recode report also suggests that the data breach event could also lead to alterations in the price of transaction, which in turn could be an issue to the shareholders. Also Read - WordPress owner Automattic buys Tumblr from Verizon
Back in August, the same hacker who had stolen data from LinkedIn, had breached into the main services of Yahoo, and was selling the stolen information from 200 million Yahoo accounts on dark web. The data up for sale included user names, scrambled passwords and birth dates, other email addresses and were likely dated from 2012, Motherboard had reported, citing the cyber-attacker, who went by the name Peace. ALSO READ: Yahoo introduces mobile ad format Yahoo Tiles in India
At that time, Yahoo was reported to have been saying that it was aware of the claim and was investigating the matter. Yahoo told Motherboard, We are committed to protecting the security of our users information and we take any such claim very seriously. Our security team is working to determine the facts. Yahoo works hard to keep our users safe, and we always encourage our users to create strong passwords, or give up passwords altogether by using Yahoo Account Key, and use different passwords for different platforms. However, none of the users were issued a warning to reset passwords, and the company also did not confirm later if the attack was legitimate. However, now if what the reports suggest is true, and the attack is in fact, larger and more serious, it may be too late for Yahoo to send out warning . ALSO READ: Edward Snowden warns against Google Allo, says WhatsApp, Signal are safer
Since over a decade now, Yahoo has been struggling to keep up with its competitors in the market. Back in 2007, Yahoo had the second-highest web search engine share in the US with over 25 percent people using its services. In 2016, it has declined even below Microsoft s Bing s to 12 percent. Earlier this year, Yahoo agreed on a sellout deal worth $4.8 billion, but back in 2000, Yahoo s value was more than $125 billion. When it was started in 1994, Yahoo started off as a website directory, and eventually spread out to its search engine, Yahoo! Search, its email service Yahoo! Mail, its question answer forum Yahoo! Answers, among many other services that it offers.