Investing.com - Financial Markets Worldwide
💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Yahoo facing remedial action as Europe's breach probe wraps

Published 04/11/2017, 10:03 AM
© Reuters. Yahoo facing remedial action as Europe's breach probe wraps
AABA
-
AAPL
-
VZ
-
LNKD
-
META
-
  • With privacy probes into massive data breaches set to wrap up in Europe, Yahoo (YHOO -0.7%) is facing likely remedial action there (and stiffer penalties for future breaches).
  • The company's two recently reported incursions -- one compromising a half a billion accounts, a later one hitting more than 1B accounts -- are partly to blame on Yahoo's European unit, says Ireland Data Protection Commissioner Helen Dixon.
  • Dixon's office in Ireland will be lead regulator when it comes to companies with EU bases there, which includes big names: Facebook, Yahoo (soon to be acquired by Verizon (NYSE:VZ)), Apple (NASDAQ:AAPL), and LinkedIn (NYSE:LNKD).
  • “We’re of the view that it could have been detected sooner and the risks mitigated sooner,” Dixon tells Bloomberg. “We intend to make our findings and impose remedial action.” She adds that a probe into Facebook (FB -0.7%) usage of WhatsApp customer data may see results by the summer.
  • From May 2018, companies under investigation for serious privacy violations face fines of up to 4% of global annual sales.


Original article

Latest comments

Install Our App
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.