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Yahoo Data Breach Fallout: Verizon Demands $1B Discount

Posted: October 13, 2016 to News.

Tags: Data Breach, Malware, Compliance

It appears that Verizon is looking to get at least a $1 billion discount on its acquisition of Yahoo. Originally they were hoping to buy the company and merge it with AOL to compete with Google and Facebook, but the recent revelations involving hacking and spying have Verizon wary. Two week ago Yahoo admitted that the personal data of at least half a billion accounts were stolen, making it the largest breach in history. To make matters worse, now it appears that it secretly created a tool that allowed US intelligence agencies to scan the email of every Yahoo user. The tool was reportedly so buggy that hackers could have accessed all of Yahoo’s user information and no one would be able to tell. The deal, which was supposed to close next year, has obviously run into a speed bump. AOL’s CEO Tim Armstrong, who runs the Verizon subsidiary, is upset due to Yahoo not disclosing this information. Armstrong is considering pulling out of the deal altogether, but is discussing a price reduction with Yahoo executives.

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About the Author

Craig Petronella, CEO and Founder of Petronella Technology Group
CEO, Founder & AI Architect, Petronella Technology Group

Craig Petronella founded Petronella Technology Group in 2002 and has spent more than 30 years working at the intersection of cybersecurity, AI, compliance, and digital forensics. He holds the CMMC Registered Practitioner credential (RP-1372) issued by the Cyber AB, is an NC Licensed Digital Forensics Examiner (License #604180-DFE), and completed MIT Professional Education programs in AI, Blockchain, and Cybersecurity. Craig also holds CompTIA Security+, CCNA, and Hyperledger certifications.

He is an Amazon #1 Best-Selling Author of 15+ books on cybersecurity and compliance, host of the Encrypted Ambition podcast (95+ episodes on Apple Podcasts, Spotify, and Amazon), and a cybersecurity keynote speaker with 200+ engagements at conferences, law firms, and corporate boardrooms. Craig serves as Contributing Editor for Cybersecurity at NC Triangle Attorney at Law Magazine and is a guest lecturer at NCCU School of Law. He has served as a digital forensics expert witness in federal and state court cases involving cybercrime, cryptocurrency fraud, SIM-swap attacks, and data breaches.

Under his leadership, Petronella Technology Group has served 2,500+ clients, maintained a zero-breach record among compliant clients, earned a BBB A+ rating every year since 2003, and been featured as a cybersecurity authority on CBS, ABC, NBC, FOX, and WRAL. The company leverages SOC 2 Type II certified platforms and specializes in AI implementation, managed cybersecurity, CMMC/HIPAA/SOC 2 compliance, and digital forensics for businesses across the United States.

CMMC-RP NC Licensed DFE MIT Certified CompTIA Security+ Expert Witness 15+ Books
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