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Yahoo Says All 3 Bn Accounts Hacked In 2013 Data Theft

4Oct By reutersNo Comments

News

Yahoo Says All 3 Bn Accounts Hacked In 2013 Data Theft

Yahoo on Tuesday said that all 3 billion of its accounts were hacked in a 2013 data theft, tripling its earlier estimate of the size of the largest breach in history, in a disclosure that attorneys said sharply increased the legal exposure of its new owner, Verizon Communications Inc. The news expands the likely number and claims of class action lawsuits by shareholders and Yahoo account holders, they said. Yahoo, the early face of the internet for many in the world, already faced at least 41 consumer class-action lawsuits in U.S. federal and state courts, according to company securities filing in May. John Yanchunis, a lawyer representing some of the affected Yahoo users, said a federal judge who allowed the case to go forward still had asked for more information to justify his clie...

Infographic: 10 Biggest Cyber Crimes and Data Breaches in History

2Mar By AdityaNo Comments

BLOGS

Infographic: 10 Biggest Cyber Crimes and Data Breaches in History

According to a 2016 survey conducted by PricewaterhouseCoopers, organizations rank cybercrime as the second most reported type of economic crime, up from fourth place. (It’s worth noting that most cybercrimes go unreported.) Rarely a week goes by without news of another data breach at another corporation. And cyber thieves are taking different types of data and doing more things with them. If you have been caught committing any cyber crimes then you may want to look into getting legal assistance as you won't have full knowledge of the law. Look for someone like these philadelphia criminal lawyers to help you. So here we mentioned 10 of the most notable cybercrimes, either by size or significance. They illustrate the growing threat to businesses, consumers and governments.

Russia? China? Who Hacked Yahoo and Why?

24Sep By AnkitaNo Comments

News

Russia? China? Who Hacked Yahoo and Why?

AFP- Yahoo's claim that it is the victim of a gigantic state-sponsored hack raises the question of whether it is the latest target for hackers with the backing of Russia, China or even North Korea, experts say. The US internet giant was under pressure Friday to explain how it sustained such a massive breach in 2014, which possibly affected 500 million accounts. Yahoo said the stolen information may have included email addresses and scrambled passwords, along with both encrypted or un-encrypted security questions and answers that could help gain access to victims' other online accounts. Sometimes the link between the target of a hack and a particular state may suggest itself easily. One of the highest-profile hacks came when North Korea is thought to have targeted entertainment tit...

Anand Chandrasekaran Will Join Facebook Messenger App Team

19Sep By PriyankaNo Comments

News

Anand Chandrasekaran Will Join Facebook Messenger App Team

As per the sources Facebook hired Snapdeal former executive and a high-profile investor Anand Chandrasekaran to help develop strategies for its Messenger app. The announcement could be made tomorrow. Both Anand and facebook didn’t immediately respond to requests for comment. Anand Chandrasekaran resume includes company like Yahoo & Snapdeal as a former senior executive. He also served at India’s largest cellular company, Bharti Airtel Ltd. as a chief product officer. Where he launched Airtel’s mobile application and a popular music streaming app. His expertise in Silicon Valley and India will help messenger platform. He will assume a global leadership role working on strategies and partnerships for Facebook’s billion-user-strong texting service, according to people familiar w...

27Jul By reutersNo Comments

Story

Revenue and Identity Crisis of Yahoo

When senior Yahoo executives gathered at a San Jose hotel for a management retreat in the spring of 2006, there was no outward sign of a company in crisis. The internet pioneer, not yet a teenager, had just finished the prior year with $1.9 billion in profits on $5.3 billion in revenue. The tough days of the dot-com bust were a distant memory, and Yahoo Inc, flush with lucrative advertising deals from the world's biggest brands, was enjoying its run as one of the top dogs in the world's hottest industry. But for one retreat exercise, everyone was asked to say what word came to mind when a company name was mentioned. They went through the list: eBay: auctions. Google: search. Intel: microprocessors. Microsoft: Windows. Then they were asked to write down their answer for Yahoo. "...

Marisaa Mayer Letter To Yahoo Employees After Verizon Deal

25Jul By NitishNo Comments

Story

Marisaa Mayer Letter To Yahoo Employees After Verizon Deal

As Verizon Communications Inc announced that it would buy Yahoo Inc's core internet properties for $4.83 billion in cash to expand its digital advertising and media business, in a deal that ends a lengthy sale process for the fading Web pioneer. CEO and Head of Yahoo, Marisaa Mayer wrote an emotional letter to all search based employees. She mentioned in the blog - Today is a big day for Yahoo! This is the email that I sent to Yahoos around the world today. Given the interest around our journey to this point, I wanted to share more about today’s announcement. –Marissa. Dear Yahoos, Moments ago, we announced an agreement with Verizon to acquire Yahoo’s operating business. This culminates a rigorous, thorough process over many months, and yields a great outcome for the c...

Verizon to Announce $5 Billion Deal to Buy Yahoo on Monday

25Jul By reutersNo Comments

ACQUISITION

Verizon to Announce $5 Billion Deal to Buy Yahoo on Monday

Verizon Communications Inc will announce an agreement on Monday to buy Yahoo Inc for about $5 billion (roughly Rs. 33,604 crores), according to a person familiar with the matter. The announcement will come before the start of New York trading hours, the source added. The deal will end months of uncertainty about Yahoo's future after the company announced plans to review strategic alternatives in February. Yahoo and Verizon both declined to comment. Reuters reported on Friday that Verizon had emerged as the front-runner in the Yahoo auction. The transaction would boost Verizon's AOL Internet business, which the company acquired last year for $4.4 billion, by giving it access to Yahoo's advertising technology tools, as well as other assets such as search, mail, messenger and r...

16Jun By sharadNo Comments

News

Yahoo Shutting Down Yahoo Messenger

American multinational technology company Yahoo Inc. has announced the shutting down of its chat service Yahoo Messenger from August 5 this year. However, the company has asked all its users to move to the new version of the Messenger, introduced last year. "In December of 2015, we announced a brand new Yahoo Messenger for mobile, the Web and in Yahoo Mail on the desktop, built on a new modern platform. This complete revamp brings users an incredibly fast, beautiful and smart way to send - and unsend - messages, photos and animated GIFs in 1:1 and group conversations," Yahoo chief architect Amotz Maimon said while explaining the company's move. "While today we provide basic interoperation between the legacy product and the new Messenger, we encourage all of our users to comple...

Can Warren Buffett Backed Bid Unlock Yahoo Growth Where Others Failed?

15May By reutersNo Comments

News

Can Warren Buffett Backed Bid Unlock Yahoo Growth Where Others Failed?

Warren Buffett struck media gold with a 2012 investment in debt-laden Media General Inc. Now the famed investor may try to reprise that success by supporting a bid for Yahoo Inc's Internet assets. The Berkshire Hathaway Inc chairman is backing a consortium that includes Quicken Loans Inc founder Dan Gilbert, that is seeking to buy Yahoo's online portfolio, Reuters reported on Friday. The consortium is in the second round of bidding in the auction for Yahoo's assets, people familiar with the matter said. Buffett is helping to finance the offer, one of the people added. If they succeed, the investment would be a relatively rare foray into digital media for Buffett, whose portfolio is heavily weighted toward U.S. insurers, industrial companies and major consumer brands. Yahoo,...

Yahoo’s Shortlisted Bidders offered Cash Deal

30Apr By AnkitaNo Comments

News

Yahoo’s Shortlisted Bidders offered Cash Deal

Yahoo Inc has shortlisted close to 10 bidders in the auction for its core Internet assets, including Verizon Communications Inc, with most offers involving cash rather than a combination with another company, according to people familiar with the matter. The shortlist comprises mainly large companies and big private equity firms including TPG Capital LP, and excludes many small companies that proposed some kind of combination, such as privately held Yellow Pages owner YP LLC, the people said this week. The sources declined to divulge the full list. Some bidders that did not make the shortlist because their first-round offers were not specific enough are still being kept close to the process by Yahoo's advisers, the people said. One of those bidders is Liberty Media Corp Chairman J...