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Yahoo accepts biggest ever data breach; assures rectification

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Yahoo on Thursday published the largest data rupture in history hitting at least 500 million user accounts, months after first detecting hints of an interruption that the firm charged on “state-sponsored” hackers.

Yahoo called on consumers to replace or change their passwords and establish other protective actions, but the largest byproduct could be for Yahoo itself. The giant firm, this summer granted to trade its core business for $4.8 billion to telecommunications giant Verizon in a deal is now filmed by news of the heavy breach. Verizon stated that it learned of the disturbance only “within the last two days.”

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The timeline highlighted a difficulty produced by hacks: Companies usually need months or even years to report doubts of breaches, if they state them publicly at all, keeping the info back from clients and even business co-workers.

“The dark cloud this casts will be very long and will likely impact the merger agreement,” Jeff Kagan, a Georgia-based telecommunications industry examiner, said in an email. “We’ll just have to wait and see what happens next.”

Yahoo discovered the breach in July, the same month it declared its venture with Verizon. When questioned, Yahoo refused to answer whether it detected the hack before or after the dealing was declared.

Yahoo reported the breach after recoding, a news site centering on Silicon Valley, published Thursday morning that the ailing tech giant would approve a data breach hitting hundreds of millions of its user accounts.

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Yahoo announced that the intrusion apparently started in 2014.

The number of user accounts affected, by reaching 500 million, gave it the dubious distinction of being the largest breach on record, said Paul Stephens of the Privacy Rights Clearinghouse.

Stephens said that consumers must also take preventive measures of the matters themselves. “It’s really important that individuals think long and hard about passwords as well as security questions and answers they used on Yahoo that they might have used somewhere else,” Stephens said. “It’s very important to remember that if that information is available to hackers, they are going to try and use it on other sites, as well.”

Company Chief Information Security Officer Bob Lord addressed in a blog post that names, email address, telephone numbers, dates of birth and answers to security questions may have been hacked but that financial data such as credit card numbers apparently was not because these confidential data gets saved in a separate system.

“Yahoo is working closely with law enforcement on this matter,” Lord wrote.

The influence on Verizon’s deal with Yahoo was not instantly clear. Data breaches have become a habitual experience for corporate America and also for major government businesses and political organizations. The Yahoo intervention stands out for the sheer scale of the clients apparently affected, a legacy of the firm once driving position for Internet users who turned to the organization for Web searches, email accounts, user groups and news reports.

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The Verizon agreement was viewed as a relatively soft landing for Yahoo, a firm overtaken by contenders in nearly every one of its major businesses.

Verizon, in a statement, said it was observing news of the breach. “We understand that Yahoo is conducting an active investigation of this matter, but we otherwise have limited information and understanding of the impact,” the company said. “We will evaluate as the investigation continues through the lens of overall Verizon interests, including consumers, customers, shareholders and related communities. Until then, we are not in the position to further comment.”

Yahoo has had a poor security reputation in the past, one of the many things that Mayer has focused on since becoming chief executive.

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