News and Articles About Yahoo
Two Russian hackers initiated a breach that affected more than 500 million Yahoo user accounts, the Department of Justice says.
Add that to the 1.5 billion accounts that have already been compromised.
Verizon's acquisition of Yahoo is now valued at approximately $4.48 billion, down from $4.8 billion.
Mayer, the CEO, was expected to remain with the company after its sale to Verizon closes.
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The order on Yahoo from a secret court last year resulted from the government's drive to change decades of interpretation of the Fourth Amendment right of people to be secure against 'unreasonable searches and seizures.'
The top American wireless carrier still expects to go through with the deal, but is looking for 'major concessions' in light of the most recent breach.
The number of affected accounts was double the number implicated in a 2014 breach that the internet company disclosed in September.
It was not clear why there was such a marked decline in the proportion of women leaders at Yahoo, which is led by Silicon Valley's most powerful female CEO, Marissa Mayer.
Verizon has had preliminary briefings from Yahoo but it still needs 'significant information' from the company before it makes a final decision on the acquisition.
'This feature is under development.'
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The lawsuit also claims former Chief Marketing Officer Kathy Savitt 'intentionally hired and promoted women because of their gender.'
Last month Yahoo said at least 500 million of its accounts were hacked in 2014.
The company complied with a classified U.S. government demand to look through millions of accounts at the behest of the National Security Agency or FBI, sources say.
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