In 2016, Yahoo! sold its core business to Verizon for $4.8 billion. This was a far cry from Yahoo!’s peak valuation of about $125 billion, but the final buyout value included a $350 million markdown due to the discovery of a Yahoo! data breach prior to the deal. This last-minute markdown was the final blow… Read more »
Tag: Cybersecurity
Bank Employees Keep Accidentally Leaking Sensitive Data
In order to prevent sensitive data from falling into the wrong hands, many large banks install sophisticated software and take as many preventative steps as possible to keep cyber criminals out of and away from their banking systems. But despite these efforts, a 2016 IBM report found that data breaches involving businesses in the financial… Read more »