SUNDAY, 19 AUG 2018

 

CONNECT

Facebook Linked In Twitter
MTN_07/07-10/04_728x90px
GloriaJeans_266x90px
IMH LTD

Turk Telekom to Cooperate with Vestel after Erdogan Call to Snub iPhone

Stephen Lillie: There Is No Plan B for The Cyprus Problem

IMH LTD
GAP_Group_2018_468x60px

INTERNATIONAL

brought to you by CIPA

Yahoo Fined £250,000 over Cyber-Attack

Yahoo Fined £250,000 over Cyber-Attack

Yahoo's UK arm has been fined £250,000 ($335,000) by the UK Information Commissioner's Office (ICO) over a data breach affecting more than 500 million users which took place in 2014.

The incident was reported two years later.

According to the BBC, the firm said "state-sponsored" hackers had stolen personal information, which included names, emails, unencrypted security questions and answers.

The ICO said Yahoo had failed to take appropriate measures to protect it.

Yahoo said it did not comment on regulatory action.

"The failings our investigation identified are not what we expect or will accept from a company processing significant volumes of personal data," wrote deputy commissioner of operations James Dipple-Johnstone in a blog.

"Yahoo! UK Services Ltd had ample opportunity to implement appropriate measures, and potentially stop UK citizens' data being compromised."

Around eight million of the affected accounts were believed to belong to people in the UK.

The ICO's investigation also found:

The firm failed to ensure that its Yahoo-owned data processor "complied with the appropriate data protection standards"
It did not ensure that the credentials of employees with access to customer data were monitored
There was "a long period of time" before the flaws which led to the breach were discovered or addressed

 

Verizon acquired Yahoo in 2017 and combined it with AOL to form a company called Oath.

The firm was investigated under the UK 1988 Data Protection Act which pre-dates the new European data regulation GDPR.

Tony Pepper, CEO of Egress Software Technologies, said the data breach would go down in history as "one of the most notorious" - both because of its size and the two-year period between the attack and the report.

"Although the fine has been a long time coming, I imagine there would be some sighs of relief that the investigation was carried out under the Data Protection Act, rather than the GDPR which has much tougher consequences for a breach," he said.

 

MORE ON INTERNATIONAL

Euro Area International Trade in Goods Surplus €22.5 bn

Euro area According to Eurostat, the first estimate for euro area (EA19) exports of ...

House of Fraser Cancels Online Orders and Refunds Customers

House of Fraser is cancelling all online orders and refunding thousands of customers ...

New Motorola Phone Is Identical to The iPhone X

Smartphone brand Motorola has been criticised for revealing a "shameless" copy ...

FROM AROUND GOLDNEWS

   

Stephen Lillie: There Is No Plan B for The Cyprus Problem

There is a clear plan A for Cyprus, that of a bi-zonal, bi-communal federation solution, and there is no plan B, UK High Commissioner in Nicosia, Stephen ...
   

Euro Area International Trade in Goods Surplus €22.5 bn

Euro area According to Eurostat, the first estimate for euro area (EA19) exports of goods to the rest of the world in June 2018 was €198.6 billion, an ...
   

House of Fraser Cancels Online Orders and Refunds Customers

House of Fraser is cancelling all online orders and refunding thousands of customers potentially millions of pounds, after a dispute with its warehouse ...
   

Turk Telekom to Cooperate with Vestel after Erdogan Call to Snub iPhone

Turkish fixed-line operator Turk Telekom has said that it clinched a cooperation deal with Vestel after President Tayyip Erdogan called on Turks to use ...
   

New Motorola Phone Is Identical to The iPhone X

Smartphone brand Motorola has been criticised for revealing a "shameless" copy of the iPhone X as its new model, the BBC reports. Many ...
   

GOLD Magazine: The Legal Issue

Over the last decade, Cyprus has succeeded in becoming recognised as an international business centre, in particular thanks to his excellent professional ...
   

Cyprus Records €1.9bn Trade Deficit For January - June 2018

According to Eurostat, the first estimate for euro area (EA19), exports of goods to the rest of the world in June 2018 was €198.6 billion, marking an increase ...
   

New Poseidon Villa Collection Opens at Aphrodite Hills Resort

Aphrodite Hills Resort has recently opened their new, luxury Poseidon Villa Collection. According to Luxury Travel Magazine, properties range from ...
 

YOUR COMMENTS

HEADLINES

MOST POPULAR

Infocredit_01/08-30/11_300x250px
GloriaJeans_300x250px

IMH LTD