Yahoo Says Some Employees Knew of The Massive Hack in 2014
Yahoo admits some of its employee knew of the state-sponsored hacker that breached its network in 2014.
Investigation in August uncovered the theft of personal information says the email service provider. This is associated with nothing less than half a billion Yahoo accounts. Besides, this has in record the biggest data breach in history. The company detected intrusion on their network after 200 million Yahoo usernames and passwords were snatched earlier.
Filing with the U.S Securities and Exchange Commission on Wednesday reveals some people within the company were aware of the hack.
The massive hack was allegedly uncovered a month after Verizon announced plans to acquire Yahoo for $4.83 billion merging it with AOL. The hacking revelations is leading to questions that may affect the acquisition. The wireless carrier’s general counsel comments in October that Verizon is leaning towards declaring the data breach a “material event”. This means it won’t have to offer such amount if it knew the earlier hack activity.
Mail Giant acknowledges there is a clear sign that Verizon may opt out of the deal. While they both declined to comment on the present issue.