👀 Ones to watch: The MOST undervalued shares to buy right nowSee Undervalued Shares

U.S. senators accuse Yahoo of 'unacceptable' delay in hack discovery

Published 27/09/2016, 18:49
© Reuters. Marissa Mayer, President and CEO of Yahoo, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco
AABA
-
VZ
-

By Dustin Volz

WASHINGTON (Reuters) - A group of Democratic U.S. senators on Tuesday demanded Yahoo Inc (O:YHOO) explain why hackers' theft of user information for half a billion accounts two years ago only came to light last week and lambasted its handling of the breach as "unacceptable."

The lawmakers said they were "disturbed" the 2014 intrusion, disclosed by the company on Thursday, was detected so long after the hack occurred.

"That means millions of Americans’ data may have been compromised for two years," the senators wrote in a joint letter addressed to Yahoo Chief Executive Officer Marissa Mayer. "This is unacceptable."

Yahoo did not immediately respond to a request for comment about the letter, which was signed by Senators Patrick Leahy, Al Franken, Elizabeth Warren, Richard Blumenthal, Ron Wyden and Edward Markey.

Yahoo has faced mounting questions about exactly when it knew about the 2014 cyber attack that exposed the email credentials of users, a critical issue for the company as it seeks to prevent the breach from affecting a pending takeover of its core business by Verizon Inc (N:VZ).

The internet firm has said it detected the breach this summer after conducting a security review prompted by an unrelated hacking claim that turned out to be meritless. Yahoo has not given a precise timeline explaining when it was made aware of the 2014 attack, or if it knew of the breach before announcing the deal with Verizon in late July.

The senators requested a briefing from Yahoo to explain the company's investigation into the breach, its cooperation with law enforcement and national security authorities and plans to protect affected users.

The senators asked Mayer for a timeline of the hack and its discovery and how such a large breach went undetected for so long. They also asked what Yahoo was doing to prevent another breach in the future, if the company has changed its security protocols and whether the U.S. government had warned of a possible hacking attempt.

© Reuters. Marissa Mayer, President and CEO of Yahoo, participates in a panel discussion at the 2015 Fortune Global Forum in San Francisco

The letter came a day after Democratic Senator Mark Warner asked the U.S. Securities and Exchange Commission to investigate whether Yahoo and its senior executives fulfilled obligations to inform investors and the public about the hacking attack, which Yahoo has blamed on a "state-sponsored actor."

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.