Data Breaches Cost Executives Money
Cybersecurity Data breach

Data Breaches Cost Executives MoneyThe problem of data breaches has just reached a new high, or maybe low, as executives are losing money because of them.  A case in point is that Yahoo CEO Marissa Mayer will not receive a bonus nor stock award because of the mishandling of security breaches in 2013 and 2014.

The decision came after an internal investigation found that senior executives at Yahoo mishandled the company’s security breaches.  In September of last year, Yahoo disclosed that a massive security breach occurred in 2014. About 500 million Yahoo accounts were compromised. Hackers obtained personal information, but not credit card details. Then in December of last year, Yahoo disclosed that another breach occurred in 2013, but this one was even bigger: Nearly one billion user accounts were hacked, making it the biggest breach in history.