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Cyber Attacks

Yahoo!

By November 29, 2017February 23rd, 2021No Comments

In 2014, Yahoo! was the victim of one of the largest cyber attacks in the modern era, which affected all 3 billion of their user accounts.

Fast forward to March of 2017, Karim Baratov (seen in the image) was arrested at his home in Toronto after he was suspected to be involved in the cyber hack.

On Tuesday, Baratov admitted to helping the Russian spies and pleaded guilty to a total of nine counts which includes:

  • One count of conspiring to violate the Computer Fraud and Abuse Act by stealing information from protected computers and causing damage to protected computers
  • Eight counts of aggravated identity theft

Prosecutors believe that Baratov was contracted by Russia’s Federal Security Service to target journalists, gov’t officials, and technology company employees who use emails outside of #Yahoo! and send those accounts’ passwords to Russian Intelligence Officers in exchange for money.

Baratov’s hearing is scheduled for Feb. 2018 and faces up to 8 years in prison and agreed to pay compensation to the Yahoo! victims and a fine up to $2,250,000.

Contact us to learn more about how we can protect your business from future cyber attacks! #EvolveMGA

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#insurance #cyberinsurance #smallbusiness #retailbroker #cybercrime #cybersecurity #databreach

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