Tuesday, 27 September 2016

Yahoo tops List of World Largest Cyber Hack Attack 2016

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Yahoo
The scale of the massive hack on Yahoo's server tops other recent, major tech breaches - such as MySpace (359 million), LinkedIn (164 million) and Adobe (152 million).

"I would have thought most companies had learned by now that early disclosure is better, even if you have to revise and update as you learn more."

Top 10 previous breaches

1. MySpace accounts - 359m

2. LinkedIn accounts - 164m

3. Adobe accounts - 152m

4. Badoo accounts - 112m

5. VK accounts - 93m

6. Dropbox accounts - 68m

7. tumblr accounts - 65m

8. iMesh accounts - 49m

9. Fling accounts - 40m

10. Last.fm accounts - 37m

Source - haveibeenpwned.com

Yahoo was founded in 1994 by Jerry Yang and David Filo. In its first decade it was a pioneer of internet services.
Once the most popular website in the US, it was worth about $125bn, but Yahoo lost ground towards the end of the first decade of the century, leading to its purchase by Verizon.

Verizon's motivation for purchasing the struggling Yahoo was to simply gain its massive user base. More than a billion people visit a Yahoo-owned site every month, and Verizon was hoping to use that to sell targeted advertising.

Yahoo Timeline

1994 Yahoo - which stands for Yet Another Hierarchically Organized Oracle - is founded

2000 Yahoo valued at $125bn at height of dot.com boom

2002 Google rejects a $3bn bid from Yahoo

2008 Microsoft's $44.6bn offer for Yahoo is turned down

2013 Blogging site Tumblr acquired by Yahoo for $1.1bn

2015 Yahoo makes net loss of $4.4bn

2016 Verizon agrees $4.8bn deal to buy Yahoo
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