This is not turning out to be a good week for Yahoo.

The internet giant confirmed Thursday that it has been breached, with a massive amount of user information being stolen. Obviously, this is bad news for Yahoo, but what does it mean for users?

In IT Blogwatch, we brainstorm new passwords.

So what is going on? John Brandon has the background:

Yahoo has…confirmed the breach…the number of stolen user accounts is much higher than expected — 500 million in total…Yahoo has been spinning out of control lately, but the one mainstay — the reason Verizon is paying $4.8B for their primary internet business — is that there are millions of people who rely on the service every day.
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The timing could not be worse…It might not be another nail in the coffin [but] it is certainly a sign that Yahoo has become a company that is mainly a collection of user accounts. Now that those accounts are in jeopardy…it creates yet another dark shadow.

What user information was stolen? And what do you need to be worried about? Michael Kan gives us the lowdown:

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