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Yahoo Admits Theft of User Data in Employees’ Knowledge during 2014

Yahoo has said in the affirmative that a few of its staff indeed knew about hackers stealing data belonging to 500m account holders, years back in 2014.

The theft that Yahoo believes was the work of an anonymous government-backed hacker took place during late-2014, while as per Yahoo's filing on November 9 with SEC (Securities and Exchange Commission), the company apparently identified it soon after.

Within the filing Yahoo stated that it had discovered some state-backed hacker managed in gaining admission into the organization's PC-network. An Independent Committee of the Board, equipped with advice from a forensic specialist and an independent counsel, has begun an investigation into the extent to which Yahoo had knowledge of the hack during 2014 and subsequently about the network admission that to the extent led towards accessing some end-users' account info.

During September Yahoo stated that a probe conducted during August had unearthed how cyber-thugs seized personal information related to no less than one-half billion A/Cs with Yahoo which was the largest data hack ever known. At that time Yahoo said its experts detected the massive infiltration when in August a hacker asserted it had grabbed 200m usernames and passwords of Yahoo users during one earlier hack. Cnet.com posted this, November 9, 2016.

The company stated it thereafter extended an already going on broader examination which prompted it for again reviewing admission into its PC-network by certain nation-backed hacker.

Yahoo added that from that time evidence emerged which indicated the hacker's creation of cookies enabled the thieves evade the requirement of feeding in passwords for accessing end-users' A/Cs.

Last month the general counsel of Verizon stated that the telecommunication conglomerate quite reasonably believed the gigantic security hack's impact would occur materially on a deal the two companies were engaging in. In this context, the chief financial officer of Verizon said the conglomerate was assessing the notion about the hack affecting the price.

According to Yahoo spokesperson, the company is sure about its value therefore it would keep striving for joining into Verizon.

Following this statement, both Verizon and Yahoo had flat share prices inside New York during post working hours trading.

» SPAMfighter News - 11/16/2016

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