Economy

Marissa Mayer apologizes for Yahoo hacks, blames Russians

Marissa Mayer apologizes for Yahoo hacks, blames Russians”

Former Yahoo CEO Marissa Mayer apologized Wednesday during Senate testimony for massive data breaches at Yahoo that exposes the private information of billions of customers. Verizon said it learned the new information after the purchase and disclosed it within a week.

Mayer says the thefts occurred during her almost five-year tenure and she wants to "sincerely apologize to each and every one of our users".

Former Yahoo Chief Executive Marissa Mayer apologised on Wednesday for two massive data breaches at the internet company, blaming Russian agents for at least one of them, at a hearing on the growing number of cyber attacks on major U.S. companies. After initially announcing that one billion users had been affected, the company later admitted that every one of its 3 billion+ accounts had been compromised, making it one of the biggest tech fails of the last decade.

Verizon, the largest United States wireless operator, acquired most of Yahoo Inc's assets in June, the same month Mayer stepped down. When quizzed as to how this went unnoticed, Mayer admitted that the details of the attack still remain unknown.

The digital diva - who left the helm of Yahoo earlier this year after it was acquired by Verizon - was forced to testify with a subpoena after she refused several requests to testify voluntarily, according to a Tuesday report.

Earlier this year, the Department of Justice formally charged two Russian spies and two criminal hackers for the 2014 Yahoo breach, marking the first United States criminal cyber charges against the Russian government. She said even "robust" defences are not enough to defend against state-sponsored attacks and compared the fight with hackers to an "arms race".

Rather than placing the blame on Yahoo's lacklustre security measures, Mayer went on to say that Russian hackers were to blame for at least one of the two intrusions, noting that "there was little anyone could do about a state-sponsored attack". She said "really aggressive" pursuit of hackers was needed to discourage the efforts, and that even the well-defended companies "could fall victim to these crimes".



Like this

Latest


09 November 2017
Keybank National Association OH Buys 32287 Shares of Comerica Incorporated (CMA)
The sale was disclosed in a document filed with the Securities & Exchange Commission, which is available through this hyperlink . This buyback authorization allows the financial services provider to purchase shares of its stock through open market purchases.

09 November 2017
Royal Bank of Canada (RY) Announces Dividend Increase - $0.91 Per Share
The financial services provider reported $1.41 EPS for the quarter, missing the consensus estimate of $1.42 by ($0.01). BidaskClub lowered Royal Bank Of Canada from a "hold" rating to a "sell" rating in a report on Saturday, August 5th.

09 November 2017
North Atlantic Treaty Organisation to increase mission in Afghanistan by 3000 troops
President Donald Trump also has demanded NATO allies commit troop increases in Afghanistan that are "in line" with the U.S. However, there are indications that allies in Europe are struggling to meet the US halfway.

09 November 2017
With Trump In China, Taiwan Worries About Becoming A 'Bargaining Chip'
Every U.S. president since Ronald Reagan in 1983 has visited the DMZ with the exception of George H.W. The total surplus with the United States for the first 10 months of the year rose to $223 billion.

09 November 2017
TSA Miserably Fails to Detect Weapons at Airports, Alarming Congress
TSA officials released a statement about the report, saying it is working to implement recommendations from Homeland Security . A source familiar with the tests told ABC that the failure rate was "in the ballpark" of 80 percent.

09 November 2017
Real Madrid 'nearing Kepa Arrizabalaga deal'
Arsenal , meanwhile, may yet decide to match Madrid's offer in January after being impressed by the Spaniard's form at Bilbao. But his next move could have a knock-on effect for a number of other English clubs.

09 November 2017
Bundee Aki the eighth player to be capped under the residency rule
Darren Sweetnam is the only other uncapped player in the 23, with the Munster back named among the replacements on the bench. Bundee has played an huge amount of minutes for Connacht. "I think sometimes it (the debate) is an unfortunate distraction".

09 November 2017
Uber partners with NASA for flying taxi initiative
Phase Three takes place in 2018 over moderately population ground, and phase four is planned to begin over urban areas in 2019. Uber will not build the vehicles itself and is working with developers to install landing pads atop skyscrapers.

09 November 2017
Tampa Bay Buccaneers shutting down injured QB Jameis Winston
Koetter said the Buccaneers chose to shut down Winston after the third-year quarterback underwent an MRI on Monday. This will be the first time in 40 career National Football League games that Winston will miss a start.

09 November 2017
Man gropes girls walking to school
A man is accused of groping three young girls in the Bronx and exposing himself to them, police say. The girl got away from the man, and told a school administrator what had happened, police say.