Careers & People

3/3/2017
09:27 AM
50%
50%

Yahoo CEO Punished for Data Breaches

Marissa Mayer will be denied her annual bonus of around $2 million and also forgoes annual stock award worth millions.

Yahoo CEO Marissa Mayer will pay a penalty for the two breaches the company suffered in 2013 and 2014 by being denied her annual bonus of around $2 million and forgoing her annual stock award worth millions of dollars, Fox News reports. Yahoo’s general counsel Ronald Bell too was punished, having to resign without getting his severance pay.

An internal investigation into the breaches has held the executives responsible for failing to conduct a deep probe into the security lapses once revealed, alleging the executives “failed to act sufficiently.” The report also called out the legal department for failing to act immediately, which caused the breaches to not be “properly investigated and analyzed at the time.”

The data breaches, reported by Yahoo in 2016, compromised over 1 billion user accounts and cost the company $350 million after Verizon reduced its takeover deal price. Over 40 lawsuits have been filed against the company and the SEC and FTC are investigating the incidents.

In her defense, Mayer says she tried to set things right as soon as she learnt about the breaches.

Full story on Fox News.

Dark Reading's Quick Hits delivers a brief synopsis and summary of the significance of breaking news events. For more information from the original source of the news item, please follow the link provided in this article. View Full Bio

Comment  | 
Print  | 
More Insights
Comments
Oldest First  |  Newest First  |  Threaded View
RyanSepe
50%
50%
RyanSepe,
User Rank: Ninja
3/3/2017 | 2:51:54 PM
Breaches Affect Acquisitions
This is a perfect example of how breaches and security related events can affect acquisitions. This is where the practice of using market data to justify the potential direct cost of these events can be useful and in the long run save the company money.
followersinsta
100%
0%
followersinsta,
User Rank: Apprentice
3/3/2017 | 6:17:52 PM
followers
With the amount of data that is affected in a breach, this penalty is very resonable
NachoV
50%
50%
NachoV,
User Rank: Apprentice
6/20/2017 | 5:56:53 AM
Re: followers
YOur post has intersting and unique information. THanks
Microsoft President: Governments Must Cooperate on Cybersecurity
Kelly Sheridan, Staff Editor, Dark Reading,  11/8/2018
Veterans Find New Roles in Enterprise Cybersecurity
Kelly Sheridan, Staff Editor, Dark Reading,  11/12/2018
2018 on Track to Be One of the Worst Ever for Data Breaches
Jai Vijayan, Freelance writer,  11/12/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Flash Poll
Online Malware and Threats: A Profile of Today's Security Posture
Online Malware and Threats: A Profile of Today's Security Posture
This report offers insight on how security professionals plan to invest in cybersecurity, and how they are prioritizing their resources. Find out what your peers have planned today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-14934
PUBLISHED: 2018-11-15
The Bluetooth subsystem on Polycom Trio devices with software before 5.5.4 has Incorrect Access Control. An attacker can connect without authentication and subsequently record audio from the device microphone.
CVE-2018-14935
PUBLISHED: 2018-11-15
The Web administration console on Polycom Trio devices with software before 5.5.4 has XSS.
CVE-2018-16619
PUBLISHED: 2018-11-15
Sonatype Nexus Repository Manager before 3.14 allows XSS.
CVE-2018-16620
PUBLISHED: 2018-11-15
Sonatype Nexus Repository Manager before 3.14 has Incorrect Access Control.
CVE-2018-16621
PUBLISHED: 2018-11-15
Sonatype Nexus Repository Manager before 3.14 allows Java Expression Language Injection.