According to ABC News reports, over 3 billion Yahoo accounts were compromised with user details such as names, emails, birthdates and security questions and answers being stolen.
Yahoo executives have had to reissue their data breach report from December of last year, which had stated that 1 billion user accounts were hacked. Instead it is reported that 3 billion users were affected which is triple the originally reported figure from late last year.
Chief Information Security Officer from Your Digital File, Mark McPherson, said “The real risk here is possible password re-use. It’s a common habit among internet users with so many accounts to maintain, to use the same password and security questions for every login. “
“If you have or had a Yahoo account and the password for that account is the same as other email or social media you will need to change all those passwords as soon as you can. If the Yahoo email account was used to sign into any websites or forums you should change that to a current email with a different password. Unfortunately, the damage Yahoo has done is not just to themselves but to all mum and dad users, “ said Mark.
What is frustrating is that the rate at which global breaches is invading the privacy and impacting the daily lives of mums and dads. Large organisations have a duty of care to ensure mum and dad’s data is secure”.
According to a 2017 Australian study of customer data breaches by Ponemon Institute, data breaches cost Australian companies an average of $139 per compromised record.
Malicious or criminal attacks are the primary root causes of a data breach. Forty-eight percent of companies reporting data breaches believe it to have been as a result of a malicious or criminal attack. Twenty-eight percent of incidents involved a negligent employee or contractor, and another 24 percent was due to system glitches.
Yahoo announced it was providing notice to additional user accounts affected by the August 2013 data theft which was reported last December. The additional numbers affected was only discovered during following Yahoos acquisition by Verizon in June.
A Yahoo spokesperson said the stolen customer information did not include passwords in clear text, payment card data or bank account information. However, if you use the same passwords and security checks on those accounts as you did with Yahoo – then you are at serious risk. For your own digital safety if you have a Yahoo account, update your passwords on all your digital accounts.
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