Cybersecurity
Yahoo Judge Lets Hack Victims Seek Payback for Data Breaches
- Alleged concealment of intrusions allows for punishment claim
- Yahoo was acquired by Verizon in 2017 in $4.5 billion buyout
Photographer: Tony Avelar/Bloomberg
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Yahoo Inc. can’t escape claims that it should pay punitive damages over data breaches that left information on 3 billion customers in hackers’ hands.
After the intrusions already shaved off $350 million off the internet firm’s value in its 2017 acquisition by Verizon Communications Inc., the final tally from the fallout may be hundreds of millions of dollars more.