We extend our sincere sympathy to the family members of:
EVP Kelvin Gunn, his wife Pam Gunn passed away on Monday, April 20, 2020. If you would like to send a card or flowers, send to: Kelvin Gunn, 6816 McCormick Road, Upper Marlboro, MD 20772
Recently retiree Ernie Jones passed away on Saturday, April 18, 2020. The death is not COVID-19 related which allows a public viewing in rotations of 10 people at a time on Monday, April 27, 2020 from 11:30am-1:30pm at March Funeral Home (West) 4300 Wabash Avenue, Baltimore, MD 21215
Louis Strachan, his father Leonard Strachan, Sr. passed away on Tuesday, April 14, 2020.
Please keep our members and family lifted in prayer.
"If the discussion I am being asked to enter could in any way lead to my discipline or termination or impact my personal working conditions, I ask that a union steward, representative or officer be present. Unless I have this union representation, I respectfully choose not to participate in this discussion."
The Financial Times reported (paywall) on Sept 23 that CEO Marissa Mayer knew Yahoo was looking into a possible hack back in July. This looks bad, since in late July, as it was selling itself for $4.8 billion to Verizon, Yahoo told the telco that it didn’t know of any such security incidents. Now Yahoo’s not only saying it was hacked; Verizon learned of the hack only two days before (paywall) the news went public. What gives?
The first thing to note is: no one’s lying—as far as we can tell, any way. That’s because we’re talking about two separate incidents here: one of an alleged hack that surfaced in July, and the other of the breach that was confirmed on Sept. 22.
In July, a well-known hacker who goes by the name “Peace” told Motherboard that he possessed 200 million Yahoo user details, which were going for 3 bitcoins a pop on a darknet market called TheRealDeal. Yahoo confirmed that it was “aware” of the claim at the time. This is the incident that Mayer was aware of in July, as the FT’s anonymous source says: “Marissa was aware absolutely—she was aware and involved when Peace surfaced this allegation in July,” according to the source.
The attempt to verify Peace’s claim then led Yahoo to discover the latest breach, of 500 million user records, according to the FT. Yahoo has attributed this hack not to Peace but to a “state-sponsored actor.” What’s not clear now is when Yahoo discovered the confirmed breach. It seems a safe bet that this discovery happened sometime after Peace made his claims in late July, which is also after the Verizon deal was clinched, on July 25.
Where does this leave Verizon and Yahoo? The deal allows for the buyer to back out if some development with a “materially adverse” effect on the business takes place. The largest security breach of a consumer technology company in history would seem to qualify. But this clause is actually pretty weak, because courts rarely support its use, according to the Wall Street Journal (paywall).
What’s more likely to happen is that Verizon gets a discount on the deal. How much is anyone’s guess, although one estimate, from analysts at SunTrust, puts it at between $100 million and $200 million—not a huge saving on a $4.8 billion purchase.
April 28 is Workers Memorial Day where we remember workers killed or injured on the job and renew our commitment to fight for strong safety and health protection. To read the entire article, click here.
CWA Economic Justice and Democracy
Tell Congress to pass Paid Sick and Family Leave for ALL workers NOW! To complete the form, click here.
We need Protective Equipment Now - Healthcare and other essential workers are on the front line of the COVID-19 crisis. You can take action by signing the petition, click here.