Tag Archives: Yahoo

Canadian charged in Yahoo hacking case to plead guilty in U.S.
November 25, 2017 12:08 am|Comments (0)

(Reuters) – A Canadian accused by the United States of helping Russian intelligence agents break into email accounts as part of a massive 2014 breach of Yahoo accounts is expected to plead guilty next week, according to court records.

A photo illustration shows a Yahoo logo on a smartphone in front of a displayed cyber code and keyboard on December 15, 2016. REUTERS/Dado Ruvic/Illustration

Karim Baratov, who earlier this year waived his right to fight a U.S. request for his extradition from Canada, is scheduled to appear in federal court in San Francisco on Tuesday for the plea hearing, according to a court calendar seen on Friday.

Baratov, a 22-year-old Canadian citizen born in Kazakhstan, was arrested in Canada in March at the request of U.S. prosecutors. He later waived his right to fight a request for his extradition to the United States.

Andrew Mancilla, Baratov’s lawyer, declined to comment. A spokesman for the U.S. Attorney’s Office in San Francisco did not respond to a request for comment.

The U.S. Justice Department announced charges in March against Baratov and three other men, including two officers in Russia’s Federal Security Service (FSB), for their roles in the 2014 theft of 500 million Yahoo accounts.

Verizon Communications Inc (VZ.N), the largest U.S. wireless operator, acquired most of Yahoo Inc’s assets in June.

Prosecutors said that the FSB officers, Dmitry Dokuchaev and Igor Sushchin, directed and paid hackers to obtain information and used Alexsey Belan, who is among the U.S. Federal Bureau of Investigation’s most-wanted cyber criminals, to breach Yahoo.

When the FSB officers learned that a target had a non-Yahoo webmail account, including through information obtained from the Yahoo hack, they worked with Baratov, who was who paid to break into at least 80 email accounts, prosecutors said.

The individuals associated with the accounts they sought to access included Russian officials, the chief executive of a metals company and a prominent banker, according to the indictment.

At least 50 of the accounts Baratov targeted were hosted by Google, the indictment said.

Tuesday’s proceedings before U.S. District Judge Vince Chhabria are scheduled as a “change of plea” hearing.

Baratov, the only person arrested to date in the case, previously in August pleaded not guilty to conspiring to commit computer fraud, conspiring to commit access device fraud, conspiring to commit wire fraud and aggravated identity theft.

Reporting by Nate Raymond in Boston; Editing by Tom Brown

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Firefox opts for Google as default search in U.S., surprising Yahoo
November 15, 2017 12:00 am|Comments (0)

SAN FRANCISCO (Reuters) – Alphabet Inc’s (GOOGL.O) Google reclaimed on Tuesday its spot as the default search engine on Mozilla Corp’s Firefox Internet browser in the United States and other regions as the browser maker stunned Verizon Communication Inc’s (VZ.N) Yahoo by canceling their deal.

FILE PHOTO – The Google logo is pictured atop an office building in Irvine, California, U.S. August 7, 2017. REUTERS/Mike Blake/File Photo

Google confirmed the move but declined, along with Mozilla, to disclose revenue-sharing terms of the multiyear agreement. Google’s growing spending to be the primary search provider on apps and devices such as Apple Inc’s (AAPL.O) iPhone has been a major investor concern.

Google will be Firefox’s default search provider on desktop and mobile in the United States, Canada, Hong Kong and Taiwan, said Mozilla spokewoman Erica Jostedt.

Yahoo had been the default in the United States, Hong Kong and Taiwan. Firefox did not have an official partner in Canada.

Verizon said Mozilla terminating the Yahoo agreement caught it off guard.

“We are surprised that Mozilla has decided to take another path, and we are in discussions with them regarding the terms of our agreement,” said Charles Stewart, a spokesman for Verizon’s Oath unit, which oversees Yahoo.

For a decade until 2014, Google had been Firefox’s worldwide search provider. Google then remained the default in Europe while regional rivals such as Yahoo, Russia’s Yandex (YNDX.O) and China’s Baidu Inc (BIDU.O) replaced it elsewhere.

Former Yahoo Chief Executive Marissa Mayer won a five-year contract with Mozilla in 2014 when Firefox and Google’s Chrome browser were battling for users. (reut.rs/2hsYZQo)

Chrome’s U.S. market share has since doubled to about 60 percent, according to data from analytics provider StatCounter, with Mozilla, Apple Inc (AAPL.O) and Microsoft Corp (MSFT.O) browsers capturing the rest.

Yahoo paid Mozilla $ 375 million in 2015 and said that it would pay at least the same amount annually through 2019, according to regulatory filings.

Denelle Dixon, Mozilla’s chief business and legal officer, said in a statement that the company had “exercised our contractual right to terminate our agreement with Yahoo based on a number of factors including doing what’s best for our brand, our effort to provide quality web search and the broader content experience for our users.”

She continued, “We believe there are opportunities to work with Oath and Verizon outside of search.”

Yahoo and Google aim to recoup placement fees by selling ads alongside search results and collecting valuable user data. Google said in October that contract changes drove a 54 percent increase in such fees to $ 2.4 billion in the third quarter.

Reporting by Paresh Dave; Editing by Lisa Shumaker

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What you should know, and do, about the Yahoo breach
December 20, 2016 4:15 pm|Comments (0)

Yahoo’s announcement that state-sponsored hackers have stolen the details of at least 500 million accounts shocks both through scale — it’s the largest data breach ever — and the potential security implications for users.

That’s because Yahoo, unlike MySpace, LinkedIn and other online services that suffered large breaches in recent years, is an email provider; and email accounts are central to users’ online lives. Not only are email addresses used for private communications, but they serve as recovery points and log-in credentials for accounts on many other websites.

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Here’s what you should know, and do, about the Yahoo breach
December 19, 2016 1:50 pm|Comments (0)

Yahoo’s announcement that state-sponsored hackers stole the details of at least 500 million accounts shocks both through scale — it’s the largest data breach ever — and the potential security implications for users.

That’s because Yahoo, unlike MySpace, LinkedIn and other online services that suffered large breaches in recent years, is an email provider; and email accounts are central to users’ online lives. Not only are email addresses used for private communications, but they serve as recovery points and log-in credentials for accounts on many other websites.

To read this article in full or to leave a comment, please click here


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Daily Mail reportedly exploring bid to acquire Yahoo
April 10, 2016 11:45 pm|Comments (0)

Yahoo's billboard in San Francisco

Last week, Yahoo extended the deadline for potential bidders to submit their proposals to acquire the Silicon Valley company. Already reports have surfaced companies like Verizon and Google seeking to make a move, but today it seems that the parent company of the U.K.-based Daily Mail is in talks with private equity firms to make its own bid for Yahoo.

Things are getting interesting.

The Wall Street Journal reports that if the Daily Mail actually submits a bid, it could take one of two forms: A private equity partner would acquire Yahoo’s core web business with the Daily Mail taking over the news and media properties; or the private equity partner would acquire Yahoo’s core web business and merge the media and news properties into the Daily Mail’s online operations.

Reports indicate that there have been as many as 40 firms that have expressed an interest in what Yahoo has to offer, but how many are actually serious remains unknown. Time Inc. is perhaps one of the few known publication and media companies to be contemplating a bid, which could strike some similarities with the Daily Mail’s plans.

Yahoo has been spending its time focusing on how to sell its core internet business since December. After some shareholders flip-flopped on whether the company should spin out its Alibaba holdings into a standalone company, the remaining option was to part with Yahoo’s core business. During its Q4 2016 earnings, the firm revealed that it was implementing an “aggressive strategic plan” to simplify itself, hopefully in a move to make it more enticing to potential buyers. As a result 15 percent of its workforce was being let go, making up 9,000 employees and fewer than 1,000 contractors.

According to documents obtained by Re/code, the financial situation at Yahoo isn’t that great. It’s said that revenue at the company is dropping close to 15 percent and earnings by over 20 percent. So while there are people contemplating bids, the real test will be to see which ones don’t balk at the seemingly dire circumstances Yahoo finds itself in and remain adamant that they can use its offerings.

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