The Hacker News - Cybersecurity News and Analysis: yahoo acquisition

It's time to say goodbye to Yahoo! While Yahoo's core internet business was being sold to Verizon for $4.8 Billion , the remaining portions of the company left behind is renaming itself to Altaba Inc, which marks the sad ending of one of the most familiar brand names on the internet. In a public filing with the Securities and Exchange Commission (SEC) on Monday, the company announced that after the planned sale of its core business to telecom giant Verizon, the leftover would change its brand name to Altaba. So, the company's branding you are familiar with will integrate with Verizon, and it is possible that the telecom titan may continue to use the Yahoo brand for some of the services that it will acquire in the deal. The remaining company under the new name Altaba Inc. is hanging on to its 15% ownership of Alibaba and 35.5% stake in Yahoo Japan, which is a joint venture with Softbank. Marissa Mayer to Leave Yahoo Board The newly formed company will operat

In what believe to be the largest data breach in history, Yahoo is reporting a massive data breach that disclosed personal details associated with more than 1 Billion user accounts in August 2013. …And it's separate from the one disclosed by Yahoo! in September, in which hackers compromised as many as 500 Million user accounts in late 2014. What's troubling is that the company has not been able to discovered how "an unauthorized third party" were able to steal the data associated with more than one Billion users. The data breach officially disclosed on Wednesday actually occurred in 2013 and, just like the one in 2014, allowed the cyber crooks to obtain personal information of its users but not credit card details. Here's what Yahoo's chief information security officer Bob Lord says the hackers obtained: "The stolen user account information may have included names, email addresses, telephone numbers, dates of birth, hashed passwords (using

Yahoo! has disabled automatic email forwarding -- a feature that lets its users forward a copy of incoming emails from one account to another. The company has faced lots of bad news regarding its email service in past few weeks. Last month, the company admitted a massive 2014 data breach that exposed account details of over 500 Million Yahoo users. If this wasn't enough for users to quit the service, another shocking revelation came last week that the company scanned the emails of hundreds of millions of its users at the request of a U.S. intelligence service last year. That's enough for making a loyal Yahoo Mail user to switch for other rival alternatives, like Google Gmail, or Microsoft's Outlook. Yahoo Mail Disables Auto-Forwarding; Making It Hard to Leave But as Yahoo Mail users are trying to leave the email service, the company is making it more difficult for them to transition to another email service. That's because since the beginning of Octob

Today Yahoo! is all over the Internet, but in a way the company would never have expected. It all started days ago when Reuters cited some anonymous sources and reported that Yahoo built a secret software to scan the emails of hundreds of millions of its users at the request of a U.S. intelligence service. At this point, we were not much clear about the intelligence agency: the National Security Agency or the FBI? The news outlet then reported that the company installed the software at the behest of Foreign Intelligence Surveillance Act (FISA) court order. Following the report, the New York Times reported that Yahoo used its system developed to scan for child p*rnography and spam to search for emails containing an undisclosed digital "signature" of a certain method of communication employed by a state-sponsored terrorist organization. Although Yahoo denied the reports, saying they are "misleading," a series of anonymous sources, therefore, unaccounta

It seems like it is not all over for Yahoo yet. Another day, another bad news for Yahoo! Verizon, which has agreed to purchase  Yahoo for $4.8 Billion , is now asking for a $1 Billion discount, according to recent reports. The request comes after Verizon Communications learned about the recent disclosures about hacking  and spying in past few weeks. Just two weeks ago, Yahoo revealed that at least a half Billion Yahoo accounts were stolen in 2014 hack, marking it as the biggest data breach in history. And if this wasn't enough, the company faced allegations earlier this week that it built a secret tool to scan all of its users' emails last year at the behest of a United States intelligence agency. Due to these incidents, AOL CEO Tim Armstrong, who runs the Verizon subsidiary, is "pretty upset" about Yahoo's lack of disclosure, and is even seeking to pull out of the deal completely or cut the price, the New York Post claimed, citing multiple sources.

Finally, Someone has come forward to buy Yahoo! Guess Who? The telecommunication giant Verizon . Yes, Verizon Communications Inc. is reportedly closing in on a deal to acquire Yahoo's core business for about $5 Billion, according to a report from Bloomberg. Since the agreement between the companies has not been finalized, it is unclear at this moment that which Yahoo's assets the deal would include. "In order to preserve the integrity of the process, we're not going to comment on the issue until we've finalized an agreement," a Yahoo spokeswoman said in a statement provided to CNNMoney. You might be wondering Why Verizon is buying Yahoo! Well, I'll come to it in the second half of my article, because before discussing this point, let's first focus on why Yahoo! wants to get acquired. Why Yahoo Was Up For Sale? Founded in 1995, Yahoo! was once the brightest star of the Web. But when its rivals including Google, Facebook and even few-years-old com