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

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.

Comments

Re:Marissa Mayer apparently has only one talent

[Ziest]

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.

Re:Marissa Mayer apparently has only one talent

[Motherfucking Shit]

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

Re:Will this cut down on the spamflood?

[Lead Butthead]

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?