The US Web Giant Yahoo Becomes a Victim of the Largest Cyber Breach Ever—Your Company Could Be Next
Businesses across industries are continuously struggling to strengthen their foothold and increase their market share in the virtual world. To rule the digital arena, competition is not the only threat to online business owners. Cyber crime is also a big threat that hangs like a dagger over online businesses. Therefore, it is crucial for web-based businesses to take extra security measures to ensure that their company is secured and well-protected from cyber breaches.
Talking of cyber breach and the sheer frenzy that it has caused in the virtual world, who can forget what happened two years ago with the US search-engine giant—Yahoo. Recognized as the largest cyber breach ever, that slammed down and took the internet giant off guard in 2014, it scarred the market reputation of the company badly, and even after 2 years, Yahoo has still not recovered from the big loss.
Let’s rewind, and see exactly what happened…
Once a $30 billion industry giant, Yahoo experienced a massive cyber attack in 2014 when its network was hacked. The hackers who now the company has confirmed to be ‘State-Sponsored’, stole 500 million accounts and the confidential data of their users—making it the largest internet based breach in history.
The stolen information reportedly included user names, birth dates, passwords, answers to secret questions and email addresses. This breach put Yahoo users in big danger as the hackers had access to their personal and confidential data which they could have used to exploit their identity and hack other accounts of those users.
Besides this, what was even worse was the fact that the hacked data was being sold online, putting the security of Yahoo users at serious risk.
Though the company did try to implement new security measures in place and urged users to review their accounts, change passwords and also their security questions, it still couldn’t undo the damage that was done. This event had a ripple effect on Yahoo. It damaged its market reputation, made it lose a good percentage of its users, resulted in a huge loss and put it on the map as the company that didn’t have adequate security measures in place to protect its network from being attacked.
You Could Be Next!
Regardless of what industry you operate in, if you are also competing online, then we highly recommend you to implement proper security measures to keep your network and data well-protected from hackers, malware and cyber criminals. You never know, your company could become the next victim!
When it comes to seamless and excellent web security solutions, we are the go-to company. We, at IT Solution, can provide you with the best and powerful web security solutions, helping you keep your digital space protected from all possible and potential web-based threats, including both hackers and malicious software programs.