Data Breaching in Yahoo: Impact on Reputation and Finances

Running head: CYBER SECURTY
CYBER SECURITY: DATA BREACHING IN YAHOO
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1CYBER SECURTY
Table of Contents
Introduction..............................................................................................................................................2
About Yahoo! Data breaches..................................................................................................................2
Conclusion...............................................................................................................................................5
References................................................................................................................................................6

2CYBER SECURTY
Introduction
The purpose of these report is to discuss about data breaching in social media that
affected a huge population. In this report the chosen data breaching event is of Yahoo. Data
breach is the activity in which private and confidential data gets disclosed to an untrusted
environment. Sometimes it is done by hackers and sometimes it may be caused due to
irresponsible behavior of an individual. More than 1 billion user accounts of Yahoo got
affected by data breaching that occurred in the year 2013. However this act was later reported
by the end of 2016. The Yahoo site confirmed that for than 3 million users account got
impacted with the data breaching. It took more than 3 years to disclose about the breaches
and security issues that affected the people associated with this social media (Thomas et al.
2017). The report will discuss about the policy and the financial impact it created on Yahoo.
About Yahoo! Data breaches
By the end of 2016, Yahoo! reported two major data breaches that took place in the mid-year
of 2013 and early and 2014. The data breaches that took place in the year 2014 affected around 500
million Yahoo! user accounts and this was reported in the year 2016. The data breaches took place in
year 2013 affected around 1 million people. Both the breaches are treated as largest breaches in the
history of internet. The hacker collected specific and private details of each user that included name,
email address, passwords and even the encrypted security questions along with the answers. The data
breaches occurred in the year of 2013 and 2014 and it got disclosed by the year 2016 ( Solow-
Niederman, 2017). That is the reason behind law suits faced by Yahoo. The breaches has impacted
Verizon Communications July plan that resulted the organization to close a deal with a decrease value
of $350 million.
This incident effected several users of yahoo and also raised several questions against the
security provided by the association towards their users. According to report it became difficult to
determine the hacker behind all these events (Torre, Dumay & Rea, 2018). As yahoo made it a long