Verizon’s initial offer of $4.8 billion has been taken off the table and reduced by about $250 million, according to a report released Wednesday on Bloomberg, with some even claiming the figure is as much as $350 million off.

In addition to a reduction on the asking price, Verizon and the sooner to be repackaged version of Yahoo, Altaba, will split the breach fallout costs 50/50. The advised agreement is said to be announced soon.

This bumpy acquisition first started back in July 2016 and was originally scheduled to be completed by Q1 2017, but given the unprecedented amount of data breaches Yahoo disclosed over the last 6 months, the deal was put on hold for renegotiation and now scheduled to be completed Q2 2017.

Unsurprisingly, Yahoo made yet another to users advising that accounts may have been compromised while placing the blame on the same “same sponsored actor” behind the 2013 and 2014 breaches. Yahoo claims hackers used ‘forged cookies’- pieces of code that stay in the user’s browser cache allowing a website to not require a login with every visit.

The information compromised includes the email addresses, passwords, and dates of birth of over a billion users.

These data breach ‘warnings’ have become all too common, and in many cases do not serve as a warning at all. When breaches occurred over four years ago, the damage done by a hacker has already been done.

Mike Overly with Folder & Lardner claims, “This trickling out of breach notices undermines the whole purpose of breach notification laws: afford consumers the ability notice such as they can act to protect their identities. When months and sometimes years pass, that purpose cannot be fulfilled and the breach notification becomes a useless fiction.”


Read this article on SCMagazine






NNT Suite of Products

change tracker gen7r2 logo

Combine industry leading Device Hardening, File Integrity Monitoring, Change Control, Configuration Management & Compliance Management into one easy to use solution that can scale to the most demanding environments!

fastcloud logo

Automatically evaluate and verify the authenticity of file changes in real-time with NNT FAST™ (File Approved-Safe Technology) Integrity Assurance.

log tracker logo logo

Comprehensive and easy to use security information & event log management with intelligent & self-learning correlation technology to highlight potentially harmful activity in seconds.

vulnerability tracker logo

Continuously scan and identify vulnerabilities with unparalleled accuracy and efficiency, protecting your IT assets on premises, in the cloud and mobile endpoints.

USA Offices
NNT logo New Net Technologies LLC
Suite #10115, 9128 Strada Place
Naples, Florida, 34108
1175 Peachtree St NE
Atlanta, Georgia, 30361.

Tel: (844) 898-8358
email [email protected]
UK Office
NNT logo New Net Technologies Ltd
Rivers Lodge, West Common
Harpenden, Hertfordshire

Tel: 01582 287310
email [email protected]
CIS benchmarking SEWP Cybersecurity 500Sans Institute Now Certified IBM Security
Copyright 2020, New Net Technologies LLC. All rights reserved. 
NNT and Change Tracker are registered trademarks of New Net Technologies LLC.
All other product, company names and trademarks are the property of their respective owners.