5 ‘Yahoo’ LAUTECH students handed over to EFCC in Ibadan

The Ibadan Zonal office of the Economic and Financial Crimes Commission, EFCC, Monday, 20th March, 2017 took over five suspected internet fraudsters arrested by men of the Oyo State Joint Security Task Force, ‘Operation Burst’ for further investigation.

The suspects, which includes Oyewole Oyeleye Olatunji (28), Adeniran Adeyinka Yusuf (29), Samuel Olumide Adeola (29), Israel Adeola (24) and Olorunyemi Savior Imonah (24) were arrested March 13, 2017 during a routine surveillance at Ladoke Akintola University of Technology (LAUTECH) Ogbomosho.

They were thereafter interrogated at the Operation Burst headquarters, Agodi where they confessed to have defrauded some American women through various romance scam using different dating sites. They also confessed to have obtained different sums from their victims.

At the point of arrest, four HP Laptops, three Nokia phones, four I phones, one Infinix Hot Note Phone, a Flash Drive and four Military camouflage T-shirts were recovered from them.

Investigations have also revealed that the suspects have various incriminating documents in their Laptops and Phones. They were posing on the dating sites as American Soldiers and using different identities to defraud unsuspecting American Ladies.

Oyewole confessed to have been posing as Billy Philip, Johnson Moron and Montegro respectively.
According to him, he collected itune cards from one Stephanie and has been using the card to chat with Holly Donis, Dona Rissmiller and Mona Venziano among others who were also Americans.

Adeniran also posed as Cheryl Ann and Cindy Grant on Facebook and engaged unsuspecting ladies in dating. He had also used the medium to defraud and obtain Dollars from one Cherly Chambers.

Samuel has been posing as Gome, Rundell, and Klaus. He confessed to have collected itune card and different sums of dollars from Linda and Patricia on a dating site.

Israel had online affairs with Jeannie Mae Sherman and obtained different sums running into several thousands of dollars and itune cards from her and another One Thousand, Two Hundred and Fifty One Dollars itune cards from Lritz Ortiz. While Olorunyemi using the names Terry Elizabeth and Bunt Janice Muriel had also swindled unsuspecting victims to the tune of Two Hundred Dollars and Three Hundred Dollars itune cards.

The suspects will be charged to court as soon as investigation is completed.

Yahoo shuts down weeks after confirming the hacking of a billion emails

Yahoo, the internet mailing system, shut down about 2:30 pm on Thursday.

 

A bold message indicating the system shutdown on a desktop computer screen reads: “YAHOO! Will be right back… Thanks for your patience. Our engineers are working to resolve the issue.”

 

This is coming a few weeks after the internet company announced that the emails of about a billion of its users were hacked back in 2013.

 

On Monday, reports said that the parent company, Yahoo Incorporated, would be renamed Altaba after a deal for its sale to Verizon Communications was closed. But the company has said it will not be renamed.

 

The shutout lasted only a few hours, as checks by TheCable at 6pm revealed that the mailing system had become active again.

BREAKING: Yahoo is officially dead, to be named Altaba.

Yahoo Inc said  that it would rename itself Altaba Inc and Chief Executive Officer Marissa Mayer would step down from the board after the closing of its deal with Verizon Communications Inc (VZ.N).

Yahoo has a deal to sell its core internet business, which includes its digital advertising, email and media assets, to Verizon for 4.83 billion dollars.

The terms of that deal could be amended – or the transaction may even be called off – after Yahoo last year disclosed two separate data breaches; one involving some 500 million customer accounts and the second involving over a billion.

Verizon executives have said that while they see a strong strategic fit with Yahoo, they are still investigating the data breaches.

Five other Yahoo directors would also resign after the deal closes, Yahoo said in a regulatory filing.

The remaining directors will govern Altaba, a holding company whose primary assets will be a 15 per cent stake in Chinese e-commerce company Alibaba Group Holding Ltd ( BABA.N) and 35.5 per cent stake in Yahoo Japan.

The new company also named Eric Brandt chairman of the board, effective Jan. 9.

Although, many also believed that somehow Yahoo will come through and survive, especially after Marissa Mayer, a rockstar engineer at Google, took over the role of CEO at Yahoo a few years ago.

Well, all of this is over now. And if you too, just like us, trying to figure out what it all means and what all has happened, here are 10 key developments that you need to know about.

  1. Yahoo, once the Verizon deal is complete, won’t be known as Yahoo. Instead “the Board determined that, following the Closing, it intends to cause the Company’s name to be changed to Altaba Inc.” This quote, by the way, is from the submission that Yahoo has made to SEC in the US.
  2. The size of the company board will be reduced to 5. These five directors will be: Tor Braham, Eric Brandt, Catherine Friedman, Thomas McInerney and Jeffrey Smith. Brandt will serve as Chairman of the Board.
  3. Yahoo CEO Marissa Mayer is leaving. “She intends to resign from the Board effective upon the Closing, and her intention to resign is not due to any disagreement with the Company on any matter relating to the Company’s operations, policies or practices,” notes the SEC filing.
  4. David Filo, who co-founded Yahoo, is also leaving the company’s board. End of the era, as we noted earlier.
  5. Yahoo’s web services have been sold to Verizon. This means once the deal completes, all those Yahoo Mail and Messenger etc will be operated by Verizon.
  6. The remaining Yahoo — now known as Altaba — will be mostly an investment firm. The company will have stakes in Alibaba and Yahoo Japan. It also has some assets in the form intellectual property.
  7. The name Altaba kind of rhymes with Alibaba, a Chinese web giant. Yahoo aka Altaba holds a 15 per cent stake in Alibaba. It is worth over $30 billion.
  8. Verizon last year had announced that it will buy Yahoo’s web properties in a deal worth $4.8 billion. Although after the recent disclosure of security breaches at Yahoo, some questioned whether it still made sense for Verizon to go ahead with the deal. But so far it looks like the deal is all done.
  9. Yahoo, once an internet giant, failed to capitalise on the internet advertising boom, something that made Google one of the top companies in the world. Its search engine efforts failed and it could not meet the challenge from Google. As its last try, Yahoo brought Mayer from Google. But even she couldn’t save it.
  10. Yahoo started in 1994 and became one of the top web companies. There was a time when everyone was using a Yahoo email and was chatting on the Yahoo Messenger. People even had Yahoo Geocities accounts, which were like blog pages. Yahoo was big. And then Google happened.

Verizon may ditch Yahoo deal after second data breach

In July, Verizon moved to acquire tech giant, Yahoo in a $4.83 billion deal.

 

Now, after the disclosure of a second major breach, Verizon is reportedly seeking to lower the price of that deal or even to back out altogether.

 

Yahoo chief executive, Marissa Mayer, and her board will likely be forced to slash the price of a $4.8 billion merger with Verizon if they hope to save the deal.

 

Bloomberg reports that a  Verizon group led by Tim Armstrong, AOL chief executive officer, is reviewing the breach disclosures and the company’s options.

 

Shares of the Sunnyvale, California-based internet pioneer fell more than 6 percent after the announcement of a data breach, similar to a previous large-scale hack reported back in September.

 

Since the Yahoo-Verizon deal was announced in July, some Yahoo executives “are barely coming to work, waiting for a check and for [the merger] to be closed,” an anonymous source was quoted to have said.

 

Mayer, for her part, “has been acting like it’s business as usual” at Yahoo’s headquarters in Sunnyvale, California.

 

“As we’ve said all along, we will evaluate the situation as Yahoo continues its investigation. We will review the impact of this new development before reaching any final conclusions,” Verizon said Wednesday in a statement.

Yahoo suffers world’s biggest hack on 1 billion users.

Yahoo has discovered a three-year old security breach that enabled a hacker to compromise more than 1 billion user accounts, breaking the company’s own humiliating record for the biggest security breach in history.

The digital heist disclosed on Wednesday occurred in August 2013, more than a year before a separate hack that Yahoo announced nearly three months ago. That breach affected at least 500 million users, which had been the most far-reaching hack until the latest revelation.

“Simply everyone that has a Yahoo account should be concerned,” Robert Siciliano, a US-based security analyst, told Al Jazeera. “Once a criminal hacker has access to your email, that is a portal to reset the passwords for all of your critical accounts, which that Yahoo account is associated with.”

Both lapses occurred during the reign of Yahoo CEO Marissa Mayer, a once-lauded leader who found herself unable to turn around the company in the four years since her arrival. Earlier this year, Yahoo agreed to sell its digital operations to Verizon Communications for $4.8bn – a deal that may now be imperilled by the hacking revelations.

Yahoo didn’t say if it believes the same hacker might have pulled off two separate attacks. The Sunnyvale, California, company blamed the late 2014 attack on a hacker affiliated with an unidentified foreign government, but said it hasn’t been able to identify the source behind the 2013 intrusion.

Yahoo: Users need not worry

Yahoo has more than a billion monthly active users, although some have multiple accounts and others have none at all. An unknown number of accounts were affected by both hacks.

In both attacks, the stolen information included names, email addresses, phone numbers, birthdates and security questions and answers.

The company says it believes bank-account information and payment-card data were not affected. But hackers also apparently stole passwords in both attacks. Technically, those passwords should be secure; Yahoo said they were scrambled twice – once by encryption and once by another technique called hashing.

But hackers have become adept at cracking secured passwords by assembling huge dictionaries of similarly scrambled phrases and matching them against stolen password databases.

That could mean trouble for any users who reused their Yahoo password for other online accounts. Yahoo is requiring users to change their passwords and invalidating security questions so they can’t be used to hack into accounts. (You may get a reprieve if you’ve changed your password and questions since September.)

Security experts said the 2013 attack was likely the work of a foreign government fishing for information about specific people. One big tell: It doesn’t appear that much personal data from Yahoo accounts has been posted for sale online, meaning the hack probably wasn’t the work of ordinary criminals.

That means most Yahoo users probably don’t have anything to worry about, said JJ Thompson, CEO of Rook Security.

Women executives left Yahoo after company announced plans to sell itself.

Women executives left Yahoo at an unusually high rate after the U.S. technology company announced plans to sell itself earlier this year, but it was not immediately clear why, according to the company’s 2016 diversity report, released on Monday.

The sharp drop comes as Silicon Valley faces pressure to diversify a workforce heavily dominated by white and Asian men.

The last year has been turbulent for the web pioneer, which in February announced it would explore alternatives and put in motion a plan to cut about 15 percent of its workforce. In July, it struck a $4.8 billion deal to sell its core internet businesses to Verizon.

The number of women in Yahoo leadership roles slipped to 21 percent as at June 30, down from 24 percent the year before, the report showed. Women in non-technical jobs dropped to 52 percent from 54 percent. The total number of women at Yahoo remained steady at 31 percent.

Yahoo had 8,800 employees at the end of the second quarter, down from 9,400 as at March 31.

It was not clear why there was such a marked decline in the proportion of women leaders at Yahoo, which is led by Silicon Valley’s most powerful female CEO, Marissa Mayer.

“Women leaders organically left because other opportunities were more appropriate for them,” said Margenett Moore-Roberts, Yahoo’s global head of diversity and inclusion. She said most of the women executives who left did so voluntarily after the plan to sell the core company was announced.

She said Yahoo will use a combination of internal searches and promotions, outside recruitment and partnerships with women-focused tech organizations to balance the losses.

The dip in women executives does not seem to be mirrored at other major tech companies. Women held 28 percent of leadership positions at Apple Inc, according to its latest figures, unchanged from the year before.

Yahoo at Logger Heads with ‘US Government Agency, for Secretly Scanning workers’ Emails

Yahoo has been accused of secretly scanning hundreds of millions of incoming emails of US intelligence or law enforcement, reports say. The internet company conducted a surveillance last year after receiving a classified demand from the National Security Agency or the FBI, according to Reuters.

Three former Yahoo employees and another unidentified person told the news agency that the US government pushed Yahoo to search for a string of letters, numbers or other characters.

That meant the fishing expedition could have involved finding a specific phrase or code in the text of
an email or an attachment. Yahoo built a special software programme to comply with the government’s request.

Yahoo did not deny the report in a statement that described itself as a company “that complies with the laws of the United States”.

The Department of Justice and the FBI did not immediately respond to requests for comment. Edward Snowden, the whistleblower who revealed the NSA’s program for spying on US citizens, tweeted that Yahoo users should close their accounts in the wake of the revelations. Meanwhile, Google said it had not received a similar spying request from the request from the US government. If it had, Google said, its response would be “No way”.

Microsoft, whose email service is larger than Yahoo’s, said it had “never engaged in the secret scanning of email traffic”. Facebook said it would “fight” such a request should it ever receive one and civil libertarians also condemned the reported Yahoo action.

Patrick Toomey, a staff lawyer with the American Civil Liberties Union, called Yahoo’s alleged acquiescence to the government order “deeply disturbing”, adding that the order itself appeared to be “unprecedented and unconstitutional”.

The report is likely to test the bounds of Yahoo users’ already-stressed loyalty. Late last month Yahoo disclosed that hackers had broken into at least 500 million user accounts to steal email addresses, birthdates, phone numbers and passwords.

Source: CNN

Yahoo launches ‘Newsroom’ for hot topics

Yahoo on Tuesday unveiled its latest mobile news application, using both algorithms and user choices to deliver the most relevant updates with a social twist.

Yahoo Newsroom, tailored for mobile devices powered by Android or Apple operating systems, is Yahoo’s latest move to counter Facebook and other internet giants as a key place for news updates.

The application uses algorithms in the same manner as Google and Facebook in delivering personalized news, but also enables users to adjust the content and offer their own views.

“In moving to a very community powered approach, we wanted to give the app a distinct identity around news and a place where people are going to come to have conversations around news,” Yahoo vice president Simon Khalaf told AFP in unveiling the application.

Yahoo said that more than 300 million people monthly come to its online venues to share opinions about big news stories.

“It is a very common and predictable cycle: read, watch, react and repeat,” Yahoo said.

“The all-new Yahoo Newsroom makes it easier to discover content relevant to you, and to participate in conversations around issues you are passionate about.”

The app lets people explore topics, which it refers to as “Vibes,’”and then tailors content to suit subjects selected.

“You can now post articles from around the web — with your reactions — directly into specific Vibes to spark a discussion,” Yahoo said in the post.

“With Newsroom, we’ve combined this best-in-class content from Yahoo and around the web with community empowerment.”

Release of the mobile apps also comes as Verizon is in the process of buying the core business of Silicon Valley-based Yahoo, and as the company is dealing with the aftermath of a hack of epic proportion.

The hack occurred in late 2014 affecting some 500 million users worldwide, according to Yahoo’s disclosure last month.

It was not immediately clear if the disclosure would affect the sale of Yahoo’s core business to telecom group Verizon for $4.8 billion.