Equifax and Yahoo are two companies that have been pwned in spectacular fashion over the years. And in both cases, they really haven’t fully stepped up to take responsibility for that pwnage. Today both Marissa Mayer who is the ex-CEO of Yahoo and Richard Smith who is the ex-CEO of Equifax along with current CEO Paulino do Rego Barros, Jr. were in front of Congress today in the public flogging known as a Congressional Hearing to say “sorry”:
Mayer opened her testimony with an apology, pointing out that Yahoo had been hit by a sophisticated attack from Russian hackers, one that even the best security couldn’t have stopped.
“These thefts occurred during my tenure, and I want to sincerely apologize to each and every one of our users,” Mayer said.
And:
Equifax’s interim and former CEO apologized for the company’s failures and touted all the tools it’s offered to victims affected by the breach. That includes a credit-monitoring app that will be available in January and free credit locks from the company.
“We did not meet the public’s expectations, and now it’s up to us to prove that we can regain their trust,” Barros said.
However, sorry doesn’t cut it with Congress. When mid-term elections are a year away, it REALLY doesn’t cut it as evidenced by this:
Seemingly unsatisfied by most of the solutions offered by the company—beefing up their security and improving customer relations—Sen. Nelson insisted more work was required. “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.”
Well no kidding. I’ve said for a while that if a company gets pwned and data gets stolen, the company must face some sort of penalty that not only severely hurts the company in question, but sends a message to other companies that pwnage is not acceptable. The question is, will that actually happen. I guess if you’re American, it’s time to call your Congressman and Senator to make sure it does because the next epic hack will happen unless companies are forced to beef up their defenses.
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Yahoo And Equifax Apologize To Congress For Being Pwned In Epic Fashion
Equifax and Yahoo are two companies that have been pwned in spectacular fashion over the years. And in both cases, they really haven’t fully stepped up to take responsibility for that pwnage. Today both Marissa Mayer who is the ex-CEO of Yahoo and Richard Smith who is the ex-CEO of Equifax along with current CEO Paulino do Rego Barros, Jr. were in front of Congress today in the public flogging known as a Congressional Hearing to say “sorry”:
Mayer opened her testimony with an apology, pointing out that Yahoo had been hit by a sophisticated attack from Russian hackers, one that even the best security couldn’t have stopped.
“These thefts occurred during my tenure, and I want to sincerely apologize to each and every one of our users,” Mayer said.
And:
Equifax’s interim and former CEO apologized for the company’s failures and touted all the tools it’s offered to victims affected by the breach. That includes a credit-monitoring app that will be available in January and free credit locks from the company.
“We did not meet the public’s expectations, and now it’s up to us to prove that we can regain their trust,” Barros said.
However, sorry doesn’t cut it with Congress. When mid-term elections are a year away, it REALLY doesn’t cut it as evidenced by this:
Seemingly unsatisfied by most of the solutions offered by the company—beefing up their security and improving customer relations—Sen. Nelson insisted more work was required. “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.”
Well no kidding. I’ve said for a while that if a company gets pwned and data gets stolen, the company must face some sort of penalty that not only severely hurts the company in question, but sends a message to other companies that pwnage is not acceptable. The question is, will that actually happen. I guess if you’re American, it’s time to call your Congressman and Senator to make sure it does because the next epic hack will happen unless companies are forced to beef up their defenses.
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This entry was posted on November 8, 2017 at 4:04 pm and is filed under Commentary with tags Equifax, Yahoo. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.