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ARTICLE · 20 APRIL 2017

Yahoo Faces Over 50 Lawsuits After Major Data Breaches

De Brauw Blackstone Westbroek
De Brauw Blackstone Westbroek
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De Brauw Blackstone Westbroek

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Yahoo suffered three significant data breaches affecting more than 1.7 billion users between 2012 and 2014.

GlobalPrivacy
Axel Arnbak
Axel Arnbak
Dennis Horeman
Dennis Horeman
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Yahoo suffered three significant data breaches affecting more than 1.7 billion users between 2012 and 2014.  The inadequacy of its cybersecurity policies, in particular Yahoo's failure to promptly report the incidents to its users and mitigate the impact of the astronomic data leaks, has had a major impact on the company and its executives:

  • Verizon negotiated a USD 350 million reduction on the initial USD 4.8 billion acquisition price.
  • Consumers and shareholders have already initiated around 50 lawsuits against Yahoo and its executives.
  • Several US and EU authorities have launched investigations into Yahoo.
  • Yahoo's General Counsel was forced to resign, while its CEO gave up a significant cash bonus for 2016 and 2017.

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