Facebook with Latestnigeriannews  Twieet with latestnigeriannews  RSS Page Feed
Home  |  All Headlines  |  Punch  |  Thisday  |  Daily Sun  |  Vanguard   |  Guardian  |  The Nation  |  Daily Times  |  Daily Trust  |  Daily Independent
World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  More Channels...

Viewing Mode:


  1.     Tool Tips    
  2.    Collapsible   
  3.    Collapsed     
Click to view all Entertainment headlines today

Click to view all Sports headlines today

In September, Yahoo told Verizon it hadn't been hacked ' but executives may have known for months (YHOO, VZ)

Published by Business Insider on Sat, 24 Sep 2016

Yahoo told Verizon that there had "not been any incidents of" security breaches that could have an adverse effect on business earlier this month, but top executives reportedly knew it had been hacked since July, and quite possibly further back.Yahoo CEO Marissa Mayer was "aware and involved" in investigating an apparent data breach of 200 million users since learning of a security incident inlate July, according to the Financial Times, which cited a person briefed on internal discussions.The incident is one of "a number of previous incidents that were not managed swiftly by CEO Marissa Mayer," according to internal sourceswho spoke with Recode. One executive told Recode that the former head of information security tried unsuccessfully to have top management respond more strongly to such security incidents.The breachcould complicate Yahoo's pending sale to Verizon, which agreed to purchase the company for $4.8 billion on July 25. The deal is expected to be finalized by the first quarter of 2017.In a document filed with the SEC on September 9, Yahoo reported there had "not been any incidents" of security breaches that could affect the pending deal. The document was signed by Mayer and Yahoo's general counsel, Ronald Bell.Anapparent breach was first disclosed to Yahoo by Motherboard reporter Joseph Cox on July 30, who wrote of the dataset being sold on a dark web marketplace on August 1. At the time, Yahoo told Cox it was "aware of the claim."A person familiar with the matter told Business Insider the company initiated an investigation at thattime and later found the data being sold was not legitimate, but during a deeper look into its networks, Yahoo found a much larger breach of at least 500 million user accounts exposed.The person said Yahoo had"a high degree of confidence" the theft was carried out by a state-sponsored actor, thoughthey declined to say which state. The personsaid the hackoccurred sometime in 2014.Executives at the company detected Russian-linked hackers "seeking data on 30 to 40 specific users" in the fall of 2014, the Wall Street Journal reported Friday. The hack was later reported to the FBI.Here's the timeline we know so far:Executives were apparently aware of a state-sponsored hacker in its networks in the fall of 2014.The FBIbegins investigating that hack.Verizon agrees to purchase Yahoo on July 25, 2016.Yahoo receives a report on July 30 of a possible data breach.Yahoo's SEC filing saysit is not aware of any security breach on September 9.Yahoo discloses the breach of 500 million accounts to Verizon on September 20.Yahoo goes public with the news on September 22.So what's going on here'It's possible that Yahoo's investigation which found an apparent state-sponsored actor in its networks happened after September 9, and Yahoo has not said exactly when it found out about the breach. A company spokesperson said they could not provide that level of detail right now.There's also a question of whether the Russia-linked hacker found in the fall of 2014 is the same one behind the breach of 500 million accounts.But if the company did find it was hacked before September 9, it could be in hot water with the SEC or Verizonespecially since the breach has moved its stock price down from its Tuesday high of $44.83 to closing at $42.80 on Friday.The SEC is going to want to know exactly what they knew and when they knew it, Stewart Baker, a partner at law firm Steptoe & Johnson and a former National Security Agency general counsel, told FT. The SEC has been eager to investigate people who are slow to disclose breaches. This is an obvious target.SEE ALSO:Akamai kicked journalist Brian Krebs' site off its servers after he was hit by a 'record' cyberattackJoin the conversation about this storyNOW WATCH: Samsung now says it's too dangerous to even turn on your Galaxy Note 7
Click here to read full news..

All Channels Nigerian Dailies: Punch  |  Vanguard   |  The Nation  |  Thisday  |  Daily Sun  |  Guardian  |  Daily Times  |  Daily Trust  |  Daily Independent  |   The Herald  |  Tribune  |  Leadership  |  National Mirror  |  BusinessDay  |  New Telegraph  |  Peoples Daily  |  Blueprint  |  Nigerian Pilot  |  Sahara Reporters  |  Premium Times  |  The Cable  |  PM News  |  APO Africa Newsroom

Categories Today: World  |  Sports  |  Technology  |  Entertainment  |  Business  |  Politics  |  Columns  |  All Headlines Today

Entertainment (Local): Linda Ikeji  |  Bella Naija  |  Tori  |  Pulse  |  The NET  |  DailyPost  |  Information Nigeria  |  Gistlover  |  Lailas Blog  |  Miss Petite  |  Olufamous  |  Stella Dimoko Korkus Blog  |  Ynaija  |  All Entertainment News Today

Entertainment (World): TMZ  |  Daily Mail  |  Huffington Post

Sports: Goal  |  African Football  |  Bleacher Report  |  FTBpro  |  Kickoff  |  All Sports Headlines Today

Business & Finance: Nairametrics  |  Nigerian Tenders  |  Business Insider  |  Forbes  |  Entrepreneur  |  The Economist  |  BusinessTech  |  Financial Watch  |  BusinessDay  |  All Business News Headlines Today

Technology (Local): Techpoint  |  TechMoran  |  TechCity  |  Innovation Village  |  IT News Africa  |  Technology Times  |  Technext  |  Techcabal  |  All Technology News Headlines Today

Technology (World): Techcrunch  |  Techmeme  |  Slashdot  |  Wired  |  Hackers News  |  Engadget  |  Pocket Lint  |  The Verge

International Networks:   |  CNN  |  BBC  |  Al Jazeera  |  Yahoo

Forum:   |  Nairaland  |  Naij

Other Links: Home   |  Nigerian Jobs