Yahoo (NASDAQ: YHOO) is going to confirm reports of a data breach that possibly jeopardized hundreds of millions of the company’s accounts.
The tech web company has launched an investigation regarding a breach back in August, after an unknown allegedly offered a sale on the black market a collection of data of 200 million accounts which included usernames, dates of birth and easy to crack passwords.
Recode reported that the investigation’s results were not encouraging. The breached happened, and it is worse than initially believed.
The result’s of the investigation raise some questions about whether or not Yahoo knew that a breach actually happened before, and if so why it is confirming it so long after the incident. As it happens, Yahoo’s internet business was sold to Verizon (NYSE: VZ) recently, and the communication company may have to deal with the repercussions of the breach, or change the terms of the deal as a result of it.