undergroundnewsroom.com
undergroundnewsroom.com November 20, 2017


Former Yahoo CEO apologises for data breach, blames Russians

09 November 2017, 01:28 | Gordon Grant

Getty Images

Former Yahoo CEO subpoenaed to appear before Congress

US lawmakers will grill current and former executives from Equifax and Yahoo at a hearing today focused on security breaches at their companies that have affected billions of internet users.

The current and former chief executives of credit bureau Equifax, which disclosed in September that a data breach affected as many as 145.5 million USA consumers, said they did not know who was responsible for the attack.

"These thefts occurred during my tenure, and I want to sincerely apologize to each and every one of our users", Mayer said, according to CNet. Also testifying will be a witness with expertise on protecting financial data. In 2013, all 3 billion Yahoo accounts were hacked in what CNN reports was the largest data breach in history. A Mayer spokesperson said Tuesday she was appearing voluntarily.

Lawmakers said rigorous security rules are needed to counter the hacks and that companies need "extreme" limits to protect customers' privacy.

Mayer told the committee that Yahoo learned of a state-sponsored attack on its system in late 2014, and promptly reported it to law enforcement and notified users who were impacted by the hack.

A breach in 2014 affected 500 million Yahoo accounts and, in a first, led to the USA government criminally charging two Russian spies for cyber crimes.

Did Sessions mislead Congress about his interactions with Russian Federation ?
Other officials include Trump's former National Security Advisor Michael Flynn, his son-in-law Jared Kushner, and Attorney General Jeff Sessions .

American woman wins NYC Marathon for 1st time in 40 years
Emmanuel Mutai from Kenya settled second in 2:03:13 followed by Ethiopian Abera Kuma in 2:05:56 and Kamworor 2:06:39. Former victor Meb Keflezighi, who was running his final competitive marathon at age 42, finished 11th in 2:15:29.

Ubisoft CEO says there's two more years until a new console generation
Let us know when do you believe a PS5 or a potential Xbox 2 will release by commenting in the comments section below. The Xbox One X is the most powerful console on the market, and was built with gamers in mind every step of the way.

Mayer told the committee that Yahoo fell victim to the breaches despite devoting substantial resources to security in an attempt to stay ahead of sophisticated and constantly evolving threats.

The Senate Commerce Committee took the unusual step of subpoenaing Mayer to testify on October 25 after a representative for Mayer declined multiple requests for her voluntarily testimony.

Those remarks prompted Committee Chairman John Thune, R-S.D., to ask Mayer why, despite these investments, Yahoo failed to detect the massive 2013 breach for three years.

She said Yahoo still has not been able to identify the intrusion that led to that theft. Mayer answered that such attacks are complex and persistent and the understanding of the facts behind them evolve over time.

'We don't exactly understand how the act was perpetrated, ' which explains why there are some gaps in information, she said.



Other News

Trending Now

Ezekiel Elliott granted stay and is eligible to play Sunday
Friday's stay marked the third time the courts have intervened to prevent the National Football League from suspending Elliott. The 2nd Circuit said its brief order does not constitute a resolution on the merits of the court case.

Giants reinstate CB Janoris Jenkins after he week suspension
The Giants also waived defensive end Jordan Williams and corner Tim Scott - both of whom played in Sunday's loss. Jenkins failed to notify the Giants of his whereabouts and thus was suspended by Ben McAdoo .

After Tragedy, a New Beginning for Patton Oswalt
Salenger, 47, reportedly donned an off-the-shoulder white gown and carried pink and red peonies. After three months of the digital banter, they finally met in person in mid-May.

Apple shifts profits to Jersey
The Paradise Papers disclosures come as President Trump's administration seeks to overhaul the USA federal tax code. In Apple's case, it held its cash in Ireland to pay a much smaller tax rate than the 35 percent level in the US.

West Ham appoint David Moyes as new manager
The former Manchester United boss will take charge until the end of the season after replacing Slaven Bilic at the London Stadium. Moyes - relegated with Sunderland last season - has been tasked with keeping West Ham in the Premier League .

Bank of England hikes interest rates by 0.25 pct
It is likely to be the first of a number of rises over the next five years with forecasts indicating it could reach 2.25% by 2022. The first of these rate increases isn't fully priced in until November/December next year, and the second one not until 2020.

Trump campaign adviser Page met Russian officials in 2016 Moscow trip
The committee has asked Page to produce more documents, according to members, to comply with the subpoena they previously issued. Last month, Sessions told the same committee he was not aware of any Trump surrogates having contacts with Russian officials.

Time is Turnbull's enemy in citizenship crisis

Sprint and T-Mobile call off merger after months of talks
T-Mobile, meanwhile, has provided Deutsche Telekom with growth at a time when the European market has been stagnant. The companies expected to have a better shot at the merger this year under the Trump administration.

Michael Fallon quits as defence secretary
Sir Michael Fallon has resigned as Defence Secretary as British politics is engulfed in a sexual harassment scandal. He is the first politician to quit following recent claims of serious sexual abuse in United Kingdom parliament.