Altaba Inc, formerly known as Yahoo! Inc, said that it has settled three ongoing legal cases relating to Yahoo’s previously disclosed data breaches for $47 million, reports Reuters. In a filing with the US Securities and Exchange Commission, Altaba said the settlement "marks a significant milestone in cleaning up our contingent liabilities related to the Yahoo data breach." In 2016, Yahoo said at least 500 million accounts were hacked in 2014. The breach included data of names, email addresses, dates of birth, telephone numbers and encrypted passwords of Yahoo customers. At the time, Yahoo said 'state-sponsored actors' were behind the attack, although it did not furnish any evidence. The same year, Yahoo reported that it discovered a breach from August 2013 which affected 1 billion of its users. Both breaches were revealed when talks were ongoing for Verizon to buy Yahoo! Inc. During the first disclosed data breach, Verizon had said that it had a ‘reasonable basis’ to believe the incident represented a material impact and said it may withdraw the $4.8 billion deal. The deal eventually went through, but Verizon cut the price by $350 million. After Verizon's acquisition was completed, Yahoo reported that the 2013 breach affected all of its 3 billion users, instead of 1 billion number it initially reported. Edit: The headline has been updated to remove the year 2014 since the 3 cases are across different years. The error is regretted.
- India’s central bank launches pilot of e-Rupee for retail segment: Here’s everything to know November 29, 2022
- Event Announcement: Reworking the Data Protection Bill, Delhi, 8th Dec #Ad November 29, 2022
- Telegram Discloses Names, Numbers, IP Addresses of Alleged Copyright Infringers to Delhi HC November 29, 2022
- Nashik residents question the linking of Aadhaar with Voter ID November 29, 2022
- What can we learn about crypto scams from WazirX’s latest transparency report? November 29, 2022
MediaNama’s mission is to help build a digital ecosystem which is open, fair, global and competitive.
The Structure and Style of a Dogma Community: Conspiracy theories and organized Twitter engagement on Sushant Singh Rajput
Studying the 'community' supporting the late Sushant Singh Rajput (SSR) shows how Twitter was gamed through organized engagement
Do we have an enabling system for the National Data Governance Framework Policy (NDGFP) aiming to create a repository of non-personal data?
A viewpoint on why the regulation of cryptocurrencies and crypto exchnages under 2019's E-Commerce Rules puts it in a 'grey area'
India's IT Rules mandate a GAC to address user 'grievances' , but is re-instatement of content removed by a platform a power it should...
Why ‘group privacy’ should be recognised, and how ‘non-personal’ data becomes a regulatory blindspot
There is a need for reconceptualizing personal, non-personal data and the concept of privacy itself for regulators to effectively protect data
Please subscribe to MediaNama. Don't share prints and PDFs.
You May Also Like
Google has released a Google Travel Trends Report which states that branded budget hotel search queries grew 179% year over year (YOY) in India, in...
135 job openings in over 60 companies are listed at our free Digital and Mobile Job Board: If you’re looking for a job, or...
Twitter takes down tweets from MP, MLA, editor criticising handling of pandemic upon government request
By Aroon Deep and Aditya Chunduru You’re reading it here first: Twitter has complied with government requests to censor 52 tweets that mostly criticised...