Yahoo confirmed on Thursday that about 400,000 passwords were in fact stolen.
"We confirm that an older file from Yahoo! Contributor Network (previously Associated Content) containing approximately 400,000 Yahoo! and other company users names and passwords was stolen yesterday, July 11," the company said in a statement to CNBC.
Of the stolen passwords, however, less than five percent of the Yahoo accounts had valid passwords, the company said in the statement.
The company is fixing the vulnerability and changing passwords of affected Yahoo users. It is also notifying companies whose accounts may of been compromised, according to the statement.
A previously unknown hacker group first posted online the details of 400,000 user accounts and passwords it said it had taken from a Yahoo server.
"We confirm that an older file from Yahoo! Contributor Network (previously Associated Content) containing approximately 400,000 Yahoo! and other company users names and passwords was stolen yesterday, July 11," the company said in a statement to CNBC.
Of the stolen passwords, however, less than five percent of the Yahoo accounts had valid passwords, the company said in the statement.
The company is fixing the vulnerability and changing passwords of affected Yahoo users. It is also notifying companies whose accounts may of been compromised, according to the statement.
A previously unknown hacker group first posted online the details of 400,000 user accounts and passwords it said it had taken from a Yahoo server.
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