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
Threaded  |  Newest First  |  Oldest First
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
Election Websites, Back-End Systems Most at Risk of Cyberattack in Midterms
Kelly Jackson Higgins, Executive Editor at Dark Reading,  8/14/2018
Intel Reveals New Spectre-Like Vulnerability
Curtis Franklin Jr., Senior Editor at Dark Reading,  8/15/2018
Australian Teen Hacked Apple Network
Dark Reading Staff 8/17/2018
Register for Dark Reading Newsletters
White Papers
Video
Cartoon
Current Issue
Flash Poll
Surviving the IT Security Skills Shortage
Surviving the IT Security Skills Shortage
Cybersecurity professionals are in high demand -- and short supply. Find out what Dark Reading discovered during their 2017 Security Staffing Survey and get some strategies for getting through the drought. Download the report today!
Twitter Feed
Dark Reading - Bug Report
Bug Report
Enterprise Vulnerabilities
From DHS/US-CERT's National Vulnerability Database
CVE-2018-15504
PUBLISHED: 2018-08-18
An issue was discovered in Embedthis GoAhead before 4.0.1 and Appweb before 7.0.2. The server mishandles some HTTP request fields associated with time, which results in a NULL pointer dereference, as demonstrated by If-Modified-Since or If-Unmodified-Since with a month greater than 11.
CVE-2018-15505
PUBLISHED: 2018-08-18
An issue was discovered in Embedthis GoAhead before 4.0.1 and Appweb before 7.0.2. An HTTP POST request with a specially crafted "Host" header field may cause a NULL pointer dereference and thus cause a denial of service, as demonstrated by the lack of a trailing ']' character in an IPv6 a...
CVE-2018-15492
PUBLISHED: 2018-08-18
A vulnerability in the lservnt.exe component of Sentinel License Manager version 8.5.3.35 (fixed in 8.5.3.2403) causes UDP amplification.
CVE-2018-15494
PUBLISHED: 2018-08-18
In Dojo Toolkit before 1.14, there is unescaped string injection in dojox/Grid/DataGrid.
CVE-2018-15495
PUBLISHED: 2018-08-18
/filemanager/upload.php in Responsive FileManager before 9.13.3 allows Directory Traversal and SSRF because the url parameter is used directly in a curl_exec call, as demonstrated by a file:///etc/passwd value.