In September, Yahoo confirmed that at least 500 million of its users' accounts had been compromised during an attack in late 2014. Now, in a recent filing with the Securities and Exchange Commission, it was revealed that the company knew about the hack when it originally happened in 2014, but waited two years to divulge it to the public (via TechCrunch)

Describing the investigation, the new SEC filing notes a "state-sponsored actor" who gained access to the company's network in late 2014, along with Yahoo's awareness and identification of the individual in question during the same time period. Information stolen included names, email addresses, telephone numbers, dates of birth, hashed passwords, and encrypted or unencrypted security questions and answers.

yahoo

In late July 2016, a hacker claimed to have obtained certain Yahoo user data. After investigating this claim with the assistance of an outside forensic expert, the Company could not substantiate the hacker’s claim. Following this investigation, the Company intensified an ongoing broader review of the Company’s network and data security, including a review of prior access to the Company’s network by a state-sponsored actor that the Company had identified in late 2014. Based on further investigation with an outside forensic expert, the Company disclosed the Security Incident on September 22, 2016, and began notifying potentially affected users, regulators, and other stakeholders.

Now a board made up of independent counsel and a forensic expert is said to be investigating "the scope of knowledge within the company in 2014," as well as Yahoo's basic security measures and related incidents. The filing describes $1 million in losses for Yahoo relating to the security breach so far.

Additionally, Yahoo said that 23 class action lawsuits have been filed against the company by consumers targeted by the security breach in 2014, in both federal and state courts, as well as foreign courts. Plaintiffs in the cases claim to have been "harmed by the company's alleged actions and/or omissions" relating to the hack. The scope and monetary damages sought by each consumer was not divulged.

In attempts to move past the incident, Yahoo is cooperating with federal, state, and foreign governments and agencies who are investigating the hack. The biggest blowback for Yahoo might still be in its planned sale to Verizon, the latter company now asking for a $1 billion discount due to Yahoo's current turbulent drama with the news of the 2014 hack.

Tag: Yahoo

Top Rated Comments

macduke Avatar
56 months ago
I'd hope Yahoo gets into huge legal trouble for this, but all that does is hurt the lowly employees who lose their jobs as the company breaks apart. The executives that make these decisions never suffer any real-world consequences, and can bail out with their golden parachute as if nothing happened. We need to go after the executives and take the money out of their pockets. Once we strike fear into the heart of executives nation wide, then and only then will we have any real positive change for consumers. Executives who take clear, obviously negative actions that knowingly put their customers at risk should be held personally accountable—not the company itself. It should be a part of the assumed responsibility and risk you take in exchange for making millions of dollars per year.
Score: 9 Votes (Like | Disagree)
Amacfa Avatar
56 months ago
Marissa Mayer is a joke, how on earth is she still running yahoo?
Score: 7 Votes (Like | Disagree)
CarlJ Avatar
56 months ago
Information stolen included names, email addresses, telephone numbers, dates of birth, hashed passwords, and encrypted or unencrypted security questions and answers.
This is why not only do I have separate, long, random, passwords for every single site (thanks 1Password), but I also never answer "security questions" with legit answers. It's like they're saying, "please set up one secure password, plus three more that someone can find out by googling you". So my "security answers" are all completely nonsensical. By the way, my parents are Atilla the Hun and Joan of Arc, and I was born in 1752 in Mare Tranquillitatis on the moon.
Score: 2 Votes (Like | Disagree)
duervo Avatar
56 months ago
Screw Yahoo! Mail. I setup my own personal email server. It has classified material in it, but I don't care.
Score: 2 Votes (Like | Disagree)
2457282 Avatar
56 months ago
I thought there was a law that stated that a company must go public within 90 days if more than 500 people were affected. If that is true and Yahoo waited 2 years to go public, then I see a huge class action lawsuit coming.
Score: 2 Votes (Like | Disagree)
rizzo41999 Avatar
56 months ago
Mayer is a fraud.
Score: 1 Votes (Like | Disagree)

Top Stories

jon prosser imac 2021colors

Prosser: 2021 iMac to Come in Five Colors, Apple Silicon Mac Pro to Resemble 'Stacked' Mac Minis

Wednesday February 24, 2021 7:26 am PST by
Hit-and-miss leaker Jon Prosser has today alleged that the upcoming 2021 iMac models will offer five color options, mirroring the colors of the fourth-generation iPad Air, and revealed a number of additional details about the Mac Pro with Apple Silicon. In a new video on YouTube channel FrontPageTech, Prosser explained that the redesigned iMacs will come featuring options for Silver, Space ...
2021 mbp sd slot feature2

Kuo: New MacBook Pro Models With HDMI Port and SD Card Reader to Launch Later This Year

Monday February 22, 2021 8:52 pm PST by
Apple plans to release two new MacBook Pro models equipped with an HDMI port and SD card reader in the second half of 2021, according to analyst Ming-Chi Kuo, who outlined his expectations in a research note obtained by MacRumors. The return of an SD card reader was first reported by Bloomberg's Mark Gurman last month. "We predict that Apple's two new MacBook Pro models in 2H21 will have...
m1 mac mini

M1 Mac Users Report Excessive SSD Wear

Tuesday February 23, 2021 7:07 am PST by
Over the past week, some M1 Mac users have been reporting alarming SSD health readings, suggesting that these devices are writing extraordinary amounts of data to their drives (via iMore). Across Twitter and the MacRumors forums, users are reporting that M1 Macs are experiencing extremely high drive writes over a short space of time. In what appear to be the most severe cases, M1 Macs are sai...
iphone 12 pro display video

BOE Rumored to Supply iPhone 13 Display Panels After iPhone 12 Failures

Monday February 22, 2021 9:54 am PST by
Display manufacturer BOE will be one of the main suppliers of OLED panels for iPhone 13 models, according to a new report today from Taiwan's Economic Daily News. BOE is said to be working with touch panel manufacturer General Interface Solution (GIS), part of the Hon Hai Group to develop OLED panels. Multiple iPhone 12 rumors suggested that BOE would supply some panels for the devices,...
flat mbp 14 inch feature yellow

Redesigned 14-Inch MacBook Pro Expected to Feature Brighter Mini-LED Display With Slimmer Bezels and More

Thursday February 25, 2021 7:48 am PST by
Apple plans to unveil new 14-inch and 16-inch MacBook Pro models with Mini-LED-backlit displays in the second half of this year, according to industry sources cited by Taiwanese supply chain publication DigiTimes. The report claims that Radiant Opto-Electronics will be the exclusive supplier of the Mini-LED backlight units, while Quanta Computer is said to be tasked with final assembly of the...
anker magsafe powercore battery pack

Anker Releases MagSafe-Compatible Battery Pack for iPhone 12 Lineup

Tuesday February 23, 2021 7:49 am PST by
Following rumors that Apple is working on a MagSafe battery pack for iPhone 12 models, popular accessory maker Anker has beaten Apple to the punch with the release of its PowerCore Magnetic 5K Wireless Power Bank. First previewed at CES 2021, the PowerCore battery pack magnetically attaches to the back of any iPhone 12 model and provides 5W of wireless charging. With a 5,000 mAh capacity,...
iPad Pro Mini LED

New iPad Pro and MacBook Models With Mini-LED Displays Again Rumored to Launch This Year

Monday February 22, 2021 9:32 pm PST by
Taiwanese company Ennostar will begin production of Mini-LED backlight units for an upcoming 12.9-inch iPad Pro in the late first quarter or second quarter of this year, according to industry sources cited by DigiTimes. Ennostar is a holding company that was jointly established in January 2021 by LED-related manufacturers Epistar and Lextar Electronics. Apple is expected to unveil the new ...
First Look Big Sur Feature2

Apple Releases macOS Big Sur 11.2.2 to Prevent MacBooks From Being Damaged by Third-Party Non-Compliant Docks

Thursday February 25, 2021 10:07 am PST by
Apple today released macOS Big Sur 11.2.2, the fourth update to the macOS Big Sur operating system that launched in November. macOS Big Sur 11.2.2 comes two weeks after the release of macOS Big Sur 11.2.1, a bug fix update. The new ‌‌‌‌macOS Big Sur‌‌‌ 11.2.2‌ update can be downloaded for free on all eligible Macs using the Software Update section of System Preferences....
steam apple logo

Valve Ordered to Give Apple Information on 436 Steam Games As Part of Epic Games Legal Case

Thursday February 25, 2021 1:50 am PST by
Valve, the makers behind popular game distribution platform Steam, will be forced to hand over aggregate historical sales, price, and other information on 436 games hosted on the store to Apple, as part of the Apple vs. Epic Games antitrust case. As reported in a paywalled report by Law360, during a virtual discovery hearing on Wednesday, U.S. Magistrate Judge Thomas S. Hixson ordered that...
scott forstall original iphone

Epic Games 'Attempting to Locate' Former iOS Chief Scott Forstall to Testify in Ongoing Legal Battle with Apple

Tuesday February 23, 2021 4:22 am PST by
As part of its ongoing legal battle, Epic Games is now seeking testimony from Apple's former iOS software chief, Scott Forstall. Forstall left Apple in 2013, in what was widely reported at the time to have been a forced exit, largely because of the botched early launch of Apple Maps. Since then, Forstall has kept a very low profile and has only made a few media appearances in the past few...