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yahoo execs thought it'd be bad for y's reputation,
and reveal that they had deliberately under-funded security.
so they covered it up, got caught and drove Yahoo's greatly shrunken value has ever lower;
Verizon, if it decides to go through w/ buying Yahoo's web biz,
will now likely deduct $billions from the $4.8 bil it had agreed to pay
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http://www.usnews.com/news/business/articles/2016-09-23/big-email-hack-doesnt-exactly-send-the-message-yahoo-needed
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"It's a shocking number [of hacked email accts,]" analyst Litan said.
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"This is a pretty big deal that is probably going to cost them tens of millions of dollars. Regulators and lawyers are going to have a field day with this one."
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http://www.nytimes.com/2016/09/23/technology/yahoo-hackers.html
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Senator Mark R. Warner, a Virginia Democrat and former technology executive, said the “seriousness of this breach at Yahoo is huge.”
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He said he was “most troubled” that the public was only learning of the incident two years after it happened.
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He called for a federal “breach notification standard” to replace current data notification laws that vary by state
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http://www.usatoday.com/story/tech/news/2016/09/23/yahoo-could-pay-breach-negligence-lower-priced-verizon-deal/90912146/
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"Verizon is going to get a price discount," on what it paid for Yahoo said Robert Cattanach, a lawyer who specializes in cybersecurity and data breaches.
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"I would ask for a pause in closing the deal if I were the buyer," said Chris Bulger, founder of a tech advisory firm.
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"I would consider this email hack a materially adverse change (a factor that could allow a party to back out of a sale)
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until my lawyer said don’t worry about it.”
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Bulger estimates that Yahoo will likely have to pay at least $10 per user in reparations.
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That could amount to $5 billion — more than Verizon's $4.8 billion paying price — making Yahoo "worthless," he said…
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“If it is revealed that Yahoo scrimped on security while CEO Mayer annually made $42.1 million (2014) and $36 million (2015), that would add to criticism of her time at the helm.”
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