December 14, 2016 Last Updated 5:03 pm

Yahoo discloses new hack, exposing 1 billion accounts

The hack is separate from the one disclosed earlier this year, took place earlier, was twice as big, and may again make Verizon reconsider the wisdom of its $4.8 billion acquisition

The Yahoo saga just got worse. Today, the company that Verizon thought they should buy, disclosed a new hack – one separate from the one disclosed earlier – this one occurring in August of 2013. One that involves “more than one billion user accounts.” Really, Verizon? You really want to buy this company?

“As we previously disclosed in November, law enforcement provided us with data files that a third party claimed was Yahoo user data,” Chief Information Security Officer Bob Lord said. “We analyzed this data with the assistance of outside forensic experts and found that it appears to be Yahoo user data. Based on further analysis of this data by the forensic experts, we believe an unauthorized third party, in August 2013, stole data associated with more than one billion user accounts. We have not been able to identify the intrusion associated with this theft. We believe this incident is likely distinct from the incident we disclosed on September 22, 2016.”

The newly disclosed hack involves user names, email addresses, telephone numbers, dates of birth, hashed passwords. Yahoo also said that in some cases it also involves encrypted or unencrypted security questions and answers.

“The investigation indicates that the stolen information did not include passwords in clear text, payment card data, or bank account information. Payment card data and bank account information are not stored in the system the company believes was affected,” Lord said.

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