Security Incidents Have Wide-Reaching Business Implications

In years past, businesses have learned lessons about the implications of a breach beyond the stolen data, including the firing of top executives, reputational hits and more. This year, the impact a breach can have on mergers and acquisitions was highlighted with two mega breaches discovered at Yahoo, with 500 million and 1 billion records stolen in each incident, respectively. The events are reportedly causing Verizon to reconsider its buyout of Yahoo, a deal anticipated to be worth $4.8 billion. Verizon is considering a price cut or killing its planned $4.83 billion acquisition of Yahoo completely, reports said at the time.