Verizon Says Yahoo’s Hack Had Material Impact

Unsurprisingly, Verizon is saying that Yahoo’s hack had material impact. You don’t say? “Although the acquisition was already announced, Verizon may be able to make the claim that Yahoo did not disclose its knowledge of the hacks. Reports indicate that Yahoo may have been aware of the incident in July, which was around the time the deal was announced. However, in September, Yahoo issued a statement that they had been unaware at the time.”

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