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Yahoo to Pay CEO Mayer $100 Million Over Five Years

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Ms. Mayer is expected to receive around $5.4 million from Yahoo for the remainder of this year and around $20 million a year after that, though some of that amount is tied to performance targets set by the board.

While it is hard to make a direct comparison, Ms. Mayer’s predecessors, Scott Thompson and Carol Bartz, received compensation packages worth $27 million and $44.6 million, respectively, over several years. Both CEOs departed prematurely. Mr. Thompson resigned in May after a five-month stint, while Ms. Bartz was fired last fall after more than 2½ years at Yahoo.

Ms. Mayer, 37 years old, joined Yahoo as CEO on Tuesday after a 13-year career at rival Google Inc., GOOG +2.12% where most recently she was a vice president of local, maps and location services.

The Yahoo pay package includes restricted stock units valued at $14 million in order to “partially compensate” Ms. Mayer for forfeiting her compensation from Google. It also includes a one-time retention award that is valued at $15 million and will vest over five years.

Ms. Mayer faces the challenge of turning around onetime Internet pioneer Yahoo, which has more than 700 million monthly unique visitors to its news, sports, entertainment and email sites but has failed to develop innovative Web services and is far behind its competitors in offering sophisticated tools for advertisers to buy ads on its sites.

Yahoo on Tuesday reported second-quarter profit dropped 4% from a year earlier to $227 million, while revenue slipped 1% to $1.22 billion.

The Three Steps to Avoid for the Getting Hacked Like for Yahoo

The Yahoo server and expose more than 450,000 account passwords. No server or network is impervious, but Yahoo’s negligence or incompetence made this attack possible.The expose It may seem like a wake-up call for protecting servers better, and improving network security, but the reality is that it’s just a reminder that common sense and basic security practices could Security

1. Unencrypted Passwords

There are many security experts who are using this attack as an opportunity to remind users that they need tocreate strong passwords. Unfortunately, strong passwords would not have helped in this case. This was a failure of password handling, not a weakness of the passwords themselves.

According to Rob Rachwald, Director of Security Strategy at Imperva, “This breach highlights a disturbing trend in password security: as we saw with last month’s breach of the LinkedIn social network, these passwords were stored in clear text and not hashed.”

2. Network Monitoring

Rhykerd claims that the hackers captured more than 2,000 database tables and/or column names, along with 298 MySQL variables. All of that traffic had to traverse from the Yahoo server to the hackers PCs.

Rhykerd points out that Yahoo should have had some sort of network monitoring in place that would have alerted IT admins to the suspicious amount of data leaving the network

3. Least Privilege Access

The attackers were able to gain complete administrative access to the database server. The concept of least privileged access means that each user or process should have the least amount of privileges necessary to perform their functions. Rhykerd believes–based on the success of the hackers–that least privilege access was not instituted for the application service account.

Slavik Markovich, CTO of Database Security at McAfee, explained, “It is often the case that obvious database vulnerabilities–such as weak passwords and default configuration settings–are initially overlooked and never fully remediated,” adding, “An organization’s sensitive information can never be adequately secured if it lacks dedicated tools and processes to gain complete visibility into their databases’ security weaknesses and eliminate the opportunity for the bad guys to exploit them.”

Yahoo confirms for 4 lakh user accounts haked by hackers

“There have been many security holes exploited in web servers belonging to Yahoo! Inc. that have caused far greater damage than our disclosure. Please do not take them lightly,” said the group at the end of the post.

D33Ds added that some sensitive information they had got was not posted to avoid further damage.

Security firm TrustedSec said the hacked service may be Yahoo Voices, a Yahoo division focusing on online publishing which was formerly called Associated Content.

“The most alarming part to the entire story was the fact that the passwords were stored completely unencrypted,” said TrustedSec in its blog.

Yahoo has confirmed that hackers had stolen around 4,00,000 account credentials from its computer system.

In a statement to technology blogTechCrunch on Thursday, Yahoo said that “approximately 4,00,000 Yahoo! and other company users’ names and passwords” were stolen July 11, reported Xinhua

The company said it is fixing the vulnerability that led to the theft, changing passwords of affected users and notifying the companies whose user accounts may have been compromised. But it did not reveal the exact number of the compromised accounts or identify those other companies affected.

Late on Wednesday, a hacking group known as D33Ds Company posted 453,492 account credentials in plain text on a public website, claiming that it did so as a “wake-up call” rather than a threat to Yahoo.

The Yahoo Investigates for the Password Breach

Technology news websites including CNET, Ars Technica and Mashable cited hackers calling themselves the D33D Company as claiming responsibility for the attack, adding that data posted to the group’s website carried more than 453,000 login credentials from an unidentified Yahoo subdomain.

The little-known group was quoted as saying that they had stolen the passwords using an SQL injection—the name given to a commonly used attack in which hackers use rogue commands to extract data from vulnerable websites.

“We hope that the parties responsible for managing the security of this subdomain will take this as a wake-up call,” the group was quoted as saying.

A Ukraine-registered website associated with D33D Company appeared to be unreachable Thursday; an email address and a phone number attributed to the site’s registrant appeared to be invalid.The company said it was looking into “claims of a compromise of Yahoo! user IDs” but didn’t disclose the size of the reported breach or how it may have happened. Yahoo’s Head of U.K. Consumer PR Caroline MacLeod-Smith said that she couldn’t immediately provide any more detail on the breach “as we are still investigating it.”

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