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Yahoo Hack Incident: Over 500 Million Accounts Compromised in Latest Data Breach

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It took almost two years for Yahoo to admit the Yahoo hack that has affected almost half a billion of its users.?On Thursday, the company finally admitted to the data breach. They’ve said that the incident has put their users’ accounts in a very compromising position.?They also cited some of the main targets in the breach. The targets are mainly names, emails, phone numbers, date of birth, hashed passwords as well as security questions and answers.

Users remain wary, even with Yahoo reassuring them that nothing sensitive has been released or leaked. These include payment card data and bank account information.?In a statement from Yahoo, it said ?The ongoing investigation suggests that stolen information did not include unprotected passwords, payment card data, or bank account information; payment card data and bank account information are not stored in the system that the investigation has found to be affected.?

Despite the assurance, Yahoo encouraged its users to be vigilant. And to always check emails for possible hacking. They also suggested changing passwords and security questions and answer immediately to avoid further problems.

Yahoo’s Advise to Clients

?Yahoo encourages users to review their online accounts for suspicious activity and to change their password and security questions and answers for any other accounts on which they use the same or similar information used for their Yahoo account.?

3-Yahoo-MailThis recent Yahoo hack may also affect their deal with Verizon. Previously, the latter was reported to have struck a deal with Yahoo. For the amount $4.8billion, Yahoo agreed to sell its core business to Verizon; something that could now change after the Yahoo hacking incident.

Corey Williams from software company Centrify said ?Yahoo may very well be facing an existential crisis. Already besieged by business execution issues and enduring a fire sale to Verizon, this may be the straw that breaks the camel?s back.?

He also cited what most users wanted to ask: Why only now? When the breach is said to have happened in 2014? He also proposed a breach data notification to be implemented, in order to protect the user?s information by means of informing them as soon as the hacking happens.

Was Yahoo wrong to announce the breach two years later after the Yahoo hack had happened? Secure your accounts and read more about how to protect it by reading here on TheBitBag.

Also Read: The State of Hacked Accounts

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