Yahoo reported on Thursday that the account information for at least 500 million users was stolen by hackers two years ago.
Compromised user information includes names, email addresses, telephone numbers, birth dates, passwords and even security questions.
Yahoo learned of the breach this summer when hackers posted what they claimed was stolen Yahoo data to underground forums. A Yahoo investigation discovered a breach in 2014 by what they believe was a “state-sponsored” actor.
In a company statement, Yahoo said the ongoing investigation revealed that the breach did not include payment card data or bank account information.
“Contrary to Yahoo’s statement, although bank and credit card information was not explicitly breached, sophisticated hackers can—and will—find their way to an individual’s sensitive financial information” using the compromised Yahoo data, said Adam Levin, chairman and founder of IDT911. “These accounts are the command center for our online lives—as often our email address serves as our user ID for many, if not most, of the other accounts in our social, banking, retailing and email universe.”
Sadly, data breaches are a daily occurrence affecting millions of Americans. Identity thieves can use the stolen information to file and steal tax refunds, open new credit cards, secure a loan, apply for a job and pursue medical treatment.
What should you do if you suspect your information has been compromised? The first step is to contact your financial institution, insurer or employer to get directed to FreedomID Direct identity management services. We’ll help you assess your risk and, if warranted, take steps to make you less vulnerable.
Here are 7 tips for this type of data breach.
If you suspect you're a victim of identity theft or wish to proactively manage your identity, contact FreedomID Direct at (844) 253-9778 – we have comprehensive plans at DIRECT prices.