It’s still going down.
Yahoo, a company that we all used to love, is facing another investigation by the U.S. Securities and Exchange Commission because of their failure to promptly disclose to investors the reason behind the two massive data breaches the company experienced last year. The company is currently being bought by Verizon for $4.8 billion. But the road to closing this acquisition is rough for the company because just after two months of the announcement, Yahoo claimed that hackers stole data from over 500 million users back in 2014.
But that’s not all. Two months after that, Yahoo revealed that they were also hacked back in 2013 where more than 1 billion user accounts were compromised by another hacker. Now, they are not so sure if the deal with Verizon will still push through or not. They just stated that they will “evaluate the situation as Yahoo continues its investigation.”
So what does this means for everyone? We suggest that users need to update their current passwords and to enable two-form authentication to add a new layer of security to their accounts.