In March, federal prosecutors charged two Russian intelligence agents and two hackers with masterminding a 2014 theft of 500 million Yahoo accounts, the first time the US government has criminally charged Russian spies for cybercrimes.
Equifax disclosed in September that the data breach affected as many as 145.5 million U.S. consumers, and Smith has testified on the issue before three committees.
Verizon will now combine Yahoo with its AOL assets into a new subsidiary called Oath.
Based in Sunnyvale, California, Yahoo became the leading portal for the internet, with a home page that allowed users to click on categories such as sports, finance and movies, or search for information.
A securities filings revealed that Marissa Mayer could get a golden parachute of $23 million as part of her planned departure from Yahoo.
Verizon was looking for a discount of $925 million in the Yahoo deal before settling for $350 million
Verizon Communications Inc sought almost triple the price reduction that it ultimately obtained for Yahoo Inc's core assets following two massive cyber attacks at the internet company, according to a Yahoo filing.
Yahoo chief executive Marissa Mayer lost an annual bonus and the company counsel his job after an investigation showed the company mishandled an epic hack, the tech firm said Wednesday.
Yahoo took some action, notifying 26 specifically targeted users and consulting with police, according to the company.
Verizon Communications Inc said on Tuesday it would buy Yahoo Inc's core business for $4.48 billion, lowering its original offer by $350 million in the wake of two massive cyber attacks at the internet company.
Yahoo Inc on Monday reported better-than-expected quarterly profit and revenue, and said the sale of its core internet business to Verizon Communications Inc should be completed in the second quarter, allaying some investor concerns that the deal might collapse.
Yahoo is going to be renamed to Altaba following Verizon acquisition, Marissa Mayer to resign from board
In an SEC filing, Yahoo! Inc has indicated the changes it will be making following the closing of the sale of Yahoo! to Verizon.
The number of affected accounts was double the number implicated in a 2014 breach that the internet company disclosed in September.
Yahoo wants to respond to a Reuters report that it set up a special program last year to scan all Yahoo Mail users' incoming messages.
A Yahoo Inc media executive fired from the internet company last year has filed a lawsuit claiming a job review process implemented by Chief Executive Marissa Mayer was used to cut men from executive ranks and lay them off illegally, court papers showed.
Yahoo on Friday faced pointed questions about exactly when it knew about a cyber attack that exposed the email credentials of 500 million users.
Yahoo CEO Marissa Mayer stands to collect a $44 million severance package if she leaves after Verizon completes its purchase of the once-mighty internet company.
With the Yahoo-Verizon deal Monday, AOL chief Tim Armstrong has re-emerged as a figure who may be key in the effort to shape a new internet strategy.
Four years since Marissa Mayer has been at the helm of affairs at Yahoo, the company has been bought out by Verizon for a little under $5 billion.
According to Marissa Mayer, focus and passion really neutralises gender and lets one rise above it