The result of the breach led to a tumbling in the company’s share price, showing that data breaches have a wider affect that just causing data loss for a targeted company.
Many of the passwords were found to be simple sequential numbers and variations on the evergreen ‘password’ password, indicating that many users simply do not take much effort in thinking up challenging passwords.
Rather than breach iCloud, hackers gained access to Apple’s cloud storage service through exploiting a security flaw in the iCloud API that gave them unlimited attempts at guessing the password of targeted accounts. The breach promoted major concerns about the safety of cloud storage, particularly in regards to storing sensitive and personal data in a public cloud.
While there are larger breaches in terms of data loss, the TalkTalk hack had a vast impact on the company and indicated just how damaging a data breach can be on businesses without highly resilient cyber security defences.
Furthermore, the vast data breach comes at a time when Yahoo is amidst the process of being purchased by Verizon for £3.7 billion, making it a PR escapade as well as data loss disaster.
The knock-on effects of the Yahoo attack looks to be causing problems for Sky and BT, demonstrating the wide-ranging impact big data breaches can have.
However, there is plenty of advice on offer from security experts on how to weather data leaks of this scale or avoid them from happening in the first place.
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