Ex-Yahoo CEO Sorry for Hacks That Affected All 3 Billion Users

Jon Howard
November 9, 2017

- Yahoo's former chief executive, Marissa Mayer, and interim Equifax CEO Paulino do Rego Barros testified November 8 before the Senate Commerce Committee about the separate cyber breaches at those companies.

Although Mayer testified that the 2014 breach was state-sponsored, Yahoo still hasn't concluded who was responsible for the 2013 hack.

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

Yahoo revealed it suffered the largest hack in history, with hitting 3 billion accounts on the website.

During the hearing, Thune questioned Yahoo!'s former CEO Marissa Mayer on Yahoo!'s security collapses and its failure to effectively respond to those collapses in a timely matter. "The DOJ and Federal Bureau of Investigation praised Yahoo for our extensive cooperation and early, proactive engagement with law enforcement", Mayer said.

"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".

'As we all have witnessed: no company, individual or even government agency is immune from these threats, ' Mayer said.

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"It's going to take an attitude change among companies such as yours, that we've got to go to extreme limits to protect our customers' privacy", Sen.

"Four times more", replied Equifax Interim CEO Paulino do Rego Barros Jr. The company's new CEO said he's unsure if its data has been encrypted since the breach.

He also said the company is on schedule to release a computer app in January that will allow consumers to lock and unlock their credit data.

Sen. Bill Nelson, D-Fla., said lawmakers need to have the political will to hold corporations more accountable for breaches.

Consultants hired by Equifax to investigate haven't been able to identify the attackers, according to a summary of their report provided to Senate staff before Wednesday's hearing and obtained by Bloomberg.

Marissa Mayer told senators she still doesn't know who was behind a 2013 data theft affecting 3 bln users.

"Social security number a static identity as a basis for our online identity will not be secure is not secure and will never be secure in the future", said Entrust Datacard Corp.

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