Yahoo Attacked

Cybersecurity is the biggest risk in the financial services industry, with hackers targeting banks more than ever before.

By all accounts, technology giant Yahoo was the target for a major breach in 2014 in which attackers stole as many as 500 million accounts. That’s right…500 million accounts! Bob Lord, the CISO for YAHOO released a statement that says “We have confirmed that a copy of certain user account information was stolen from the company’s network in late 2014 by what it believes is a state-sponsored actor”. The breach occurred in 2014, but it was only discovered in August when customer information began showing up on the dark net for sale. YAHOO is cooperating with law enforcement officials to determine the extent of the damage and the investigation is ongoing. The information stolen includes user names, addresses, email addresses, passwords, birthdates and telephone numbers.

Yahoo is now taking appropriate action to protect its users but they suggest that customers quickly change their passwords, use caution when opening emails, and check all accounts for activity that may seem suspicious. With 500 million records stolen, YAHOO now has the dubious honor of having the record for the largest hack in history.