The effects of Cybersecurity on the commerce of business

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7.6K followers

The business environment is affected by many factors. One area not explored much in the community is security violations and the legal ramifications that can follow from their occurrence.

There have been data breaches in the news in the last years. Target and Walmart have been victimized. As we near the Christmas shopping season, there is special concern of scamming and hacking of credit card systems involving millions of dollars.

The latest legal onslaught hits in the on line world ...Yahoo! and will certainly affect the bottom line in event of loss.

By Jonathan Stempel10 hrs ago

"Yahoo Inc was sued on Friday by a user who accused it of gross negligence over a massive 2014 hacking in which information was stolen from at least 500 million accounts.

The lawsuit was filed in the federal court in San Jose, California, one day after Yahoo disclosed the hacking, unprecedented in size, by what it believed was a "state-sponsored actor.

Ronald Schwartz, a New York resident, sued on behalf of all Yahoo users in the United States whose personal information was compromised. The lawsuit seeks class-action status and unspecified damages.

A Yahoo spokeswoman said the Sunnyvale, California-based company does not discuss pending litigation.

The attack could complicate Chief Executive Marissa Mayer's effort to shore up the website's flagging fortunes, two months after she agreed to a $4.8 billion sale of Yahoo's Internet business to Verizon Communications Inc."

For those who care to pursue further, information is detailed at this source.

http://www.msn.com/en-us/news/technology/yahoo-is-...

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Recent Comments

14

Hi Mike, enjoyed reading this post. Very important issues discussed. Irv.

I seen the news post earlier this week. Thanks Mike.

There seems to be no end to the lengths these people will go to. Thanks for sharing Mike :)

Thanks for the info Michael. I've never had anything to do with Yahoo, now I'm glad...

We love in troubled times Mike, thanks for the info.

Thanks Mike!

Thanks Mike

Thank you for the reminder Mike,

Thanks for the information.I changed my yahoo password the other day after the site was hacked

This is a reality for everyone today.... consumers and entrepreneurs alike.

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