Security experts have long complained that Yahoo lagged behind the industry in adopting measures to protect its customers. The breach that Yahoo announced Wednesday was discovered after law enforcement officials shared with the company a data set that “a third party” claimed was from Yahoo user accounts.
The company, in conjunction with outside experts, verified that it was data stolen in August 2013, the company said in a statement.
The news caused a late dip in Yahoo’s stock price, sending it down as much as 2.7 percent in after-hours trading.
“The fact that we now have two breaches implies that Yahoo security measures were inadequate. So it is more likely there will be future breaches uncovered,” said Laura Martin, senior analyst at Needham & Co. “It sounds to me like they never knew about any of these breaches, which means they never fixed the problem. That implies that the assets are actually less valuable than we thought.”
Watch video here:
(Sourced from agencies, feature image courtesy:yahoo.com)
