Monday 21 May 2018

Yahoo confirms huge data breach affecting 500 million accounts


Aishwarya Venugopal

Yahoo Inc said on Thursday information associated with at least 500 million user accounts was stolen from its network in 2014 by what it believed was a "state-sponsored actor."

The data stolen may have included names, email addresses, telephone numbers, dates of birth and hashed passwords but may not have included unprotected passwords, payment card data or bank account information, the company said.

Yahoo said it was working with law enforcement on the matter.

Commenting on the Yahoo data breach, James Canty, Head of Product, at Irish company Magnet Networks said: "This huge data breach shows how little businesses do to protect themselves, their customers and their records."

He continued: "Out smarting hackers and hi-tech criminals is not easy and Irisk businesses and SMES have never been more vulnerable to cyber threats. The frequency of cyber-attacks against Irish businesses has risen from 25% in 2012 to 44% currently, considerably higher than the global average of 32%.

"Data breaches, identity theft and fraud are seen regularly in Ireland and, while the assumption is that global businesses, like Yahoo, are the primary target,  the fact is that hackers are opportunistic and will often go after the easiest targets first."


Business Newsletter

Read the leading stories from the world of Business.

Also in Business