Feb 16, 2017
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Yahoo unveils more cyber woes

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Yahoo has issued customers with a third warning over a
potential cyber threat to their accounts, raising further
questions around Verizon’s proposed takeover of
the embattled internet company.

Reports claim US telco Verizon is close to knocking around
$350 million off the $4.83 billion price tag it originally
agreed to buy Yahoo last year, after the internet firm admitted
it had been victim to two of the largest recorded cyber attacks
in history.

Yahoo has now warned customers that their accounts could
have suffered cookie-forging activities linked to the same
state-sponsored hackers that were blamed for a cyber attack
that hit 500 million customers in 2014. Yahoo only disclosed
details of the 2014 attack in August, a month after it struck a
deal with Verizon.

It then disclosed what has been labelled as the largest
recorded cyber attack in history, which took place in 2013 and
compromised the accounts of one billion users.

According to ZDNet, an email sent to Yahoo customers warned
of another potential attack that may have taken place in 2015
or 2016 using advanced forged cookies. Yahoo did not disclose
how many accounts may have been impacted.

The email said: "Our outside forensic experts have been
investigating the creation of forged cookies that could allow
an intruder to access users’ accounts without a
password. Based on the ongoing investigation, we believe a
forged cookie may have been used in 2015 or 2016 to access your
account."

Initial reports around Yahoo’s cyber security
problems cast doubt on Verizon’s proposed
takeover, but the operator has yet to cancel the
deal.

Bloomberg this week reported that the deal is still on, but
Verizon will buy Yahoo at a cut-price between $250-$350 million
less than the price originally agreed.

The reports claim an announcement about the new agreement
could be made within a matter of days or weeks, but it
remains to be seen if this latest concern around
Yahoo’s cyber security will have any further
impact on the proposed takeover.Read on: GlobalTelecomsBusiness

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