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Yahoo Faces SEC Probe Over Data Breaches (wsj.com)

Posted by BeauHD on from the sooner-or-later dept.

New submitter Linorgese quotes a report from The Wall Street Journal (Warning: paywalled; alternate source): U.S. authorities are investigating whether Yahoo Inc.'s two massive data breaches should have been reported sooner to investors, according to people familiar with the matter, in what could prove to be a major test in defining when a company is required to disclose a hack. Last month, the Federal Bureau of Investigation said it had begun an investigation into a 2013 data breach that involved more than 1 billion users' accounts. That followed Yahoo's disclosure that a 2014 intrusion involved about 500 million accounts. As part of its investigation, the SEC last month requested documents from Yahoo, the Journal said, citing persons familiar with the situation. The agency has been seeking a model case for cybersecurity rules it issued in 2011, legal experts told the Journal. In a November 2016 SEC filing, Yahoo noted that it was cooperating with the SEC, Federal Trade Commission and other federal, state, and foreign governmental officials and agencies including "a number of State Attorneys General, and the U.S. Attorney's office for the Southern District of New York." When Yahoo reported the 2014 breach it said that evidence linked it to a state-sponsored attacker. It has not announced a suspected responsibility for the larger 2013 intrusion, but the company has said it does not believe the two breaches are linked.

21 comments

  1. Marissa Mayer apparently has only one talent by JoeyRox · · Score: 1

    Looking good in a miniskirt.

    1. Re:Marissa Mayer apparently has only one talent by xxxJonBoyxxx · · Score: 1

      That had nothing to do with her inability to thwart complete penetration.

    2. Re:Marissa Mayer apparently has only one talent by DonaId+Trump · · Score: 1

      She doesn't even do that well. Lock her up!

    3. Re:Marissa Mayer apparently has only one talent by Ziest · · Score: 4, Insightful

      How Marissa Mayer looks in a miniskirt is irrelevant. I used to work at Yahoo and I can tell you from experience that Marissa's number 1 talent is talking, she is really in love with the sound of her own voice, and NOT FUCKING LISTENING TO A SINGLE WORD ANYONE HAS TO SAY. She pushed the revamp of Yahoo's mail interface, then bitched because almost no one inside was not using it. In fact the internal usage dropped like a stone. Multiple people told her that the revamp sucked but did she listen? Fuck no. The sad thing is she is going to walk away from the smoking crater formally know as Yahoo with a metric ton of money in her pocket.

      --
      Another day closer to redwood heaven
    4. Re:Marissa Mayer apparently has only one talent by Motherfucking+Shit · · Score: 2, Funny

      Her inability to thwart complete penetration is why she had to build a day care center inside her office.

      --
      "BSD: Free as in speech. Linux: Free as in beer. Windows 10: Free as in herpes." --Man On Pink Corner in #52607549.
    5. Re:Marissa Mayer apparently has only one talent by Mashiki · · Score: 1

      Well not really, her sex does have something to do with it. A lot of people outside of the clique in that area believe she got the position because of the "wow look at us, much diverse" reasoning. Remember there's a really huge push to put minorities/women/etc into positions of power regardless of their abilities and skills because it looks just so awesome for the PR machine. They didn't really care about anything else, and it's not the first company that's done the same thing. And it's not the first company that suffered because of it either. Merit should be the only thing that counts, but you've got the retarded feminist groups and special snowflakes screaming that merit is a MRA construct, or sexist, or other bullshit.

      --
      Om, nomnomnom...
    6. Re:Marissa Mayer apparently has only one talent by Anonymous Coward · · Score: 0

      They should put Ellen Pao in charge of Yahoo and see what happens.

    7. Re:Marissa Mayer apparently has only one talent by antdude · · Score: 1

      Was this the same for Messenger? Ever since Y! changed its Messenger and dropped legacy service, no one else uses it. I assume the same for the internal Y! people?

      --
      Ant(Dude) @ Quality Foraged Links (AQFL.net) & The Ant Farm (antfarm.ma.cx / antfarm.home.dhs.org).
    8. Re:Marissa Mayer apparently has only one talent by DarkOx · · Score: 1

      So what you are saying is by dressing that way she was asking for it?

      --
      Repeal the 17th Amendment TODAY! Also Please Read http://www.gnu.org/philosophy/right-to-read.html
    9. Re:Marissa Mayer apparently has only one talent by Anonymous Coward · · Score: 0

      >She pushed the revamp of Yahoo's mail interface, then bitched because almost no one inside was not using it. In fact the internal usage dropped like a stone

      I am so relieved to hear I wasn't the only one disgusted by the redesign. I lived for Yahoo! Mail... and then the forced 'upgrade' happened. They even asked for comments & input via email. Ignored, not even responded to with a dismissal- just ignored. That email used to be good. At LEAST they brought back "open in new tab". Gmail doesn't even have that- (right click an email's link and you get other gmail options- not actual browser options).

      I did not know she was like this, but her effect is visible. Sad. So so sad.

    10. Re:Marissa Mayer apparently has only one talent by thomn8r · · Score: 1

      And a lot of companies blindly copied shit she was doing because they thought it looked hip: for example - banning people from working remotely.

  2. ... and as expected by Lead+Butthead · · Score: 1

    nothing will happen. a few harsh words and then nothing.

    --
    ELOI, ELOI, LAMA SABACHTHANI!?
  3. Will this cut down on the spamflood? by mmell · · Score: 1

    I'll admit, since I started aggressively using Yahoo's kludgy abuse reporting system, I'm seeing a lot less spam from the "at yahoo dot com" domain. Will this incentivize the current leadership at Yahoo! to finally fix their busted crap?

    1. Re:Will this cut down on the spamflood? by Lead+Butthead · · Score: 2

      I'll admit, since I started aggressively using Yahoo's kludgy abuse reporting system, I'm seeing a lot less spam from the "at yahoo dot com" domain. Will this incentivize the current leadership at Yahoo! to finally fix their busted crap?

      You're like, joking, right?

      --
      ELOI, ELOI, LAMA SABACHTHANI!?
    2. Re: Will this cut down on the spamflood? by mmell · · Score: 1

      Tongue firmly planted in cheek, yes.

  4. Discolse to investors by manu0601 · · Score: 1

    Yahoo may have had to disclose hacks to investors sooner, but user information is not relevant.

    That confirms that internet companies' users are not the customers, they are the products.

    1. Re:Discolse to investors by Anonymous Coward · · Score: 0

      Or it confirms that the SEC's job is to regulate securities markets, and that acting as a consumer protection bureau is outside of their remit.

    2. Re:Discolse to investors by thomn8r · · Score: 1
      That confirms that internet companies' users are not the customers, they are the products.

      The first rule of the internet: If you aren't paying for a service, you're the product, not the customer