FIRST AIRED: September 22, 2016

Nice work! Enjoy the show!

×

You’re busy. We get it.

Stay on top of the news with our Editor’s Picks newsletter.

US Edition
Intl. Edition
Unsubscribe at any time. One click, it’s gone.

Thanks for signing up!

We've got more news

Get our editor’s daily email summary of what’s going on in the world.

US Edition
Intl. Edition
Replay Program

Business

Yahoo: At least 500 million accounts hacked

Opening sequence

Opening sequence

Business

Yahoo: At least 500 million accounts hacked

0:00
17:26
More Info

COMING UP:Yahoo: At least 500 million accounts hacked

×

Transcript

00:00:02
>> Yahoo acknowledging Thursday at least 500 million user accounts hacked, possibly making it the biggest cyber breach ever. The news comes nearly two months after tech news site Motherboard reported a cyber criminal known as Pease was selling the Yahoo user data, though it took Yahoo until now to detail the breach.
00:00:22
The company confirming the hack, which happened at the end of 2014, as it finalizes a deal to sell its core Internet business and email service, which has been affected by the hack, to Verizon for $4.8 billion. Verizon telling Reuters it was only notified about the breach in the last two days, Reuters M&A reporter Lana Baker.
00:00:44
>> So Verizon published a kind of terse statement that didn't seem too friendly towards Yahoo. They said they're trying to evaluate the impact of the breach and that it's too early to say whether it will impact the deal. I spoke with some experts on mergers and acquisitions, and they say that cybersecurity breaches could affect pre-existing mergers, especially if they haven't closed yet.
00:01:08
>> Yahoo also saying it believes a quote state sponsored actor was behind the hack, but adding that it has found no evidence that actors is currently in Yahoo's network. Three US intelligence officials telling Reuters the hack resembles previous hacks traced to Russian intelligence agencies or hackers acting at their direction.
00:01:29
Yahoo says it's working with law enforcement and says data stolen may include names, email addresses, telephone numbers, date of births and encrypted passwords. But payment card data and bank account information didn't appear to have been compromised.