This is what we call the largest database breach in history. Yahoo’s database got hacked and the user password credentials of One Billion users are leaked into the public internet.
The following breach is bigger than the previous breach of 500 million users which occurred in late 2014.
The main problem is that A third party user has been able to steal the data associated more than one billion users.
There was a previous breach disclosed which is similar event occurred in 2013 and followed by the again a similar event on 2014.
The Cheif of IT security has stated this
The MD5 Hashing is one of the ancient algorithms to store the user’s passwords which can be easily cracked in seconds and they even say that some of the security questions and answers are not even encrypted.
We suggest that you change your account password immediately and change the password everywhere if you use the same password for any other websites.
Yahoo is notifying its users to change their password, The data breach only occurred after the Yahoo’s deal with Verizon.
Bob Verettoni a Verizon Spokesman stated this
A previous data breach has already magnified the company’s problems and before it could recover another data breach hit the company will Yahoo was able to survive this.
we can also say that both the data breaches at Yahoo! came after the company negotiated a deal to sell its core internet business to Verizon Communication Inc for $4.8 Billion.