Former Yahoo CEO apologises for data breach, blames Russians

Former Yahoo CEO apologises for data breach, blames Russians

Former Yahoo CEO apologises for data breach, blames Russians

Verizon, the largest USA wireless operator, acquired most of Yahoo Inc's assets in June, the same month Mayer stepped down.

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.

The charges came amid controversy relating to alleged Kremlin-backed hacking of the 2016 USA presidential election and possible links between Russian figures and associates of President Donald Trump.

Marissa Mayer Testifies on the Challenges of Halting State-Backed Persistent AttacksEric Chabrow (GovInfoSecurity) • November 8, 2017 Former Yahoo CEO Marissa Mayer testifies before a Senate panel on Wednesday. Russian Federation has denied trying to influence the US election in any way.

Mayer joined former and current CEOs of Equifax in testifying before the committee examining recent data breaches.

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She told lawmakers that the threat from state-sponsored hackers has changed the playing field so dramatically that even the best-defended companies can fall victim. John Thune (R-S.D.), chairman of the Senate Committee on Commerce, Science, and Transportation, today convened a hearing titled, "Protecting Consumers in the Era of Major Data Breaches". Mayer says Yahoo, which originally said only 1 billion accounts were affected, didn't find out about the hack until it got data from the government in 2016 and still hasn't figured out how it happened, though she says Russian intelligence officers have launched attacks on Yahoo systems.

'Only stiffer enforcement and stringent penalties will help incentivize companies to properly safeguard consumer information and promptly notify them when their data has been compromised, ' Nelson said.

"We verified that it came from Yahoo, but we don't exactly understand how the act was perpetrated", she told the committee. He said Mayer's testimony was "important in shaping our future reactions".

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.

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