BREACH UN­LIKELY TO AF­FECT YA­HOO DEAL

The Denver Post - - BUSINESS -

The sec­ond ma­jor hack of Ya­hoo user ac­counts is un­likely to de­rail Ver­i­zon Com­mu­ni­ca­tions Inc.’s $4.83 bil­lion ac­qui­si­tion of the tech gi­ant, with in­vestors and the pub­lic be­com­ing in­ured to near-daily dis­clo­sures of cy­ber­at­tacks.

Hun­dreds of U.S. com­pa­nies fall prey to hack­ers ev­ery year, and, in many cases, the data breaches nei­ther hurt bot­tom lines nor scare away cus­tomers for too long.

“I tend to not feel like these hacks are that big of a deal in the broader scheme of things,” said Michael Ma­honey, se­nior man­ag­ing di­rec­tor at Fal­con Point Cap­i­tal, which in­vests in wire­less com­pa­nies.

Within the past few years, hack­ers have in­fil­trated Sony Corp., Target Corp., Home De­pot Inc., JPMor­gan Chase & Co., auc­tion site EBay Inc. and health in­surer An­them Inc.

Al­most 1,000 data breaches, in­clud­ing Ya­hoo’s, oc­curred in the U.S. just this year, ac­cord­ing to the Iden­tity Theft Re­source Cen­ter.

Ya­hoo said it’s con­fi­dent in the com­pany’s value and con­tin­ues to work to­ward in­te­gra­tion with Ver­i­zon. Jim Ger­ace, a spokesman for Ver­i­zon, said the com­pany will con­tinue to eval­u­ate the sit­u­a­tion be­fore mak­ing any fi­nal de­ci­sions.

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