Senators Demand Explanation from Yahoo Regarding Hackings

Two Republican senators of prominence recently were disturbed about the way Yahoo handled twin mega data breaches. John Thune, Senator from South Dakota and Jerry Moran, Senator from Kansas in their letter to Marissa Meyer, CEO of Yahoo on February 10 commented on the chief executive missing on being more frank with people making law regarding the data-hacks' finer issues.

The senators wrote that in spite of the committee staff making a number of inquiries about information regarding user accounts' security on Yahoo, officials of the company couldn't still give the answers to a lot of fundamental questions regarding the said hacks.

The chairs of the committee stated that Yahoo eventually annulled one congressional briefing undergoing its planning phase, January 31, leading to worries regarding the willingness of the tech major in handling Congress with full frankness with respect to the many breaches uncovered in 2016. Ibtimes.co.uk posted this, February 13, 2017.

Last month a report by Wall Street Journal said that SEC (Securities and Exchange Commission) of the United States was investigating if the tech giant Yahoo should've given out information in connection with the data hacks early on for investors.

The aftermath of online assaults on Yahoo has affected one continuing takeover deal of the e-mail client by Verizon that during July 2016 declared its intention of buying the core business of Yahoo by paying an enormous $4.8bn. However, the deal is now stalled. That's because Yahoo had lately discovered 2 different hacking assaults which captured over 1bn user accounts for garnering personal information.

By February-end, some questions require being answered by which the company's chairman Eric Brandt and chairman emeritus Maynard Webb are enquiring just what number of users have been affected with the hacks, the kind of information compromised as also what measures have been adopted for security improvement.

Moreover the senators further want that Yahoo give one clear timeline of the events starting with the first detection of the hacks up to the reporting of the same to the its end-users. This is another worry for Yahoo that the company must deal with, while the hacked end-users deserve clarity of facts.

» SPAMfighter News - 2/17/2017