Feb 10, 2017

Senators hit Yahoo for response on data breach queries

Yahoo chief Marissa Mayer (Magnus Höij / Flickr Creative Commons)

Two Republican senators, including the chair of the chamber's Commerce Committee, aren't pleased with Yahoo's response to their inquiries about a pair of massive data breaches that exposed the company's users.

"Despite several inquiries by Committee staff seeking information about the security of Yahoo! user accounts, company officials have thus far been unable to provide answers to many basic questions about the reported breaches," said Sen. John Thune and Sen. Jerry Moran in a letter to CEO Marissa Mayer, adding that "Yahoo!'s recent, last-minute cancellation of a planned congressional staff briefing ... has prompted concerns about the company's willingness to deal with Congress with complete candor about these recent events."

Key context: The senators want information related to two different data breaches, one that occurred in 2013 and affected more than a billion users and another in 2014 that hit 500 million users.

What's next: The senators have asked for answers to their questions by February 23. "We're in receipt of the letter, reviewing it and will respond as appropriate," said a spokesperson for the company in an email.

The bigger picture: Questions about the data breaches and whether Yahoo appropriately disclosed them have roiled its proposed combination with Verizon.

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Situational awareness

Photo: Brett Carlsen/Getty Images

Catch up on today's biggest news:

  1. Mike Bloomberg offers to release women from 3 NDAs
  2. Wells Fargo to pay $3 billion to settle consumer abuse charges
  3. Bloomberg campaign says Tennessee vandalism "echoes language" from Bernie supporters
  4. Scoop: New White House personnel chief tells Cabinet liaisons to target Never Trumpers
  5. Nearly half of Republicans support pardoning Roger Stone

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.

Bloomberg offers to release women from 3 nondisclosure agreements

Mike Bloomberg. Photo: Brett Carlsen/Getty Images

Mike Bloomberg said Friday his company will release women identified to have signed three nondisclosure agreements so they can publicly discuss their allegations against him if they wish.

Why it matters, via Axios' Margaret Talev: Bloomberg’s shift in policy toward NDAs comes as he tries to stanch his loss of female support after the Las Vegas debate. It is an effort to separate the total number of harassment and culture complaints at the large company from those directed at him personally. That could reframe the criticism against him, but also protect the company from legal fallout if all past NDAs were placed in jeopardy.