Justice Department Is Expected to Charge Yahoo Hackers

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Yahoo is going to get the help of Justice Department to catch the culprits of the 2013 and 2014 data breaches.

U.S. officials are ready to pinpoint hackers that are responsible for the greatest security breaches ever reported in the history of the Internet. Even though the incident happened in late 2014, Yahoo reported it two years later on December 14, 2016. The report announced the existence of two hacking assaults. It is estimated that the cyber theft affected over 1 billion users. The aftermath impacted the Verizon deal and it created changes at the level of the leadership. The Justice Department is going to reveal the identity of at least the hackers that participated in one of the massive hacking attacks.

The Justice Department Has Its Eyes Set on Four Suspects

On Wednesday, the Justice Department is expected to issue indictments for a part of the people that initiated the hacking attacks on Yahoo. It is rumored that the U.S. officials are going to pinpoint four persons that created large damages when they compromised the security of around 1 billion accounts. The source of the news is an official that received the briefing regarding this case. However, as the matter is not public, the person requested to remain anonymous.

According to the source intercepted by publication Bloomberg, the U.S. is ready to arrest one of the culprits as soon as Tuesday. Moreover, they are also aware of the whereabouts of the other three persons. They are located somewhere in Russia. However, Yahoo, Sunnyvale, and the Justice Department did not comment on this news.

Verizon Lowered Its Price Offer

The new series of indictments are the result of the public disclosure held by Yahoo company. This revelation about major security breaches of historical proportions impelled Verizon Telecommunications Inc. to reconsider the price for its deal. The company intended to acquire major internet assets from Yahoo. These cover even websites like sports, finance, and others. Yahoo will remain with just the 15% owned stake in Alibaba Group, another series of 35% shares in Yahoo! Japan, and other secondary projects.

In light of the disclosure, Verizon asked for a price reduction of $250 million. Thus, the final offer might be of $4.38 billion. Given that the company was once worth $100 billion, the transaction is more than advantageous for the telecommunications company. On the other hand, Verizon is going to share liabilities as a result of the investigations into security breaches.

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About Carol Harper

Carol Harper began her career as a screenwriter before turning to journalism. Before earning her Bachelor of Arts with a major in Creative Writing, Carol travelled across Europe and Asia to find both herself and inspiration. She enjoys covering health & science topics.