Former Yahoo CEO apologises for data breaches, blames Russians

Dianna Christensen
November 9, 2017

Mayer and Smith were flanked by officials from their former companies, as Congress sought to get to the bottom of how three billion global user accounts at Yahoo and 146 million American Social Security numbers and more at Equifax were stolen by hackers.

"Unfortunately, while all our measures helped Yahoo successfully defend against the barrage of attacks by both private and state-sponsored hackers, Russian agents intruded on our systems and stole our users' data". "The threat from state-sponsored attacks has changed the playing field so dramatically that today I believe all companies, even the most well defended ones, could fall victim to these crimes", Mayer says. Sen. She also said business and government must work together to tackle this problem, including working to enact a national data breach notification law.

Mayer testified in front of the Senate Commerce Committee Wednesday regarding two massive data breaches at Yahoo.

Mayer said Yahoo has not been able to identify how the 2013 intrusion occurred and that the company did not learn of the incident until the US government presented data to Yahoo in November 2016.

Barros mentioned that Equifax is working on an application that would let customers lock and unlock personal credit data.

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Yahoo and U.S. federal agents have blamed a separate 2014 company data breach involving 500 million accounts on Russian state-sponsored hackers.

Sen. John Thune, R-S.D., the committee chairman, said 48 states have separate laws governing how and when companies must notify consumers of a breach. But she also said the USA government has to do more to empower law enforcement to pursue and stop hackers, especially the state-sponsored kind.

'A single federal standard would ensure all consumers are treated the same with regard to notification of data breaches that might cause them harm, ' Thune said.

During her tenure as CEO, she said, Yahoo roughly doubled its internal security staff and made significant investments in its leadership and team.

'We don't exactly understand how the act was perpetrated, ' which explains why there are some gaps in information, she said.

Other reports by GlobalViralNews

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