A Senate Commerce Committee interrogation of current and former executives at Equifax and Yahoo! revealed few answers about the data breaches that occurred at both companies. Both data breaches have been called the largest in history, with billions of consumers affected.
On Wednesday, the committee grilled executives, including former head of Yahoo! Marissa Mayer, about how the data breaches happened and who was responsible. Neither Mayer, nor Richard Smith of Equifax, were able to provide much information about the breaches.
The Yahoo! breach occurred in 2013, when hackers stole account information from three billion users. Mayer says that company was not aware of the breach until the U.S. government brought it to their attention in 2016. Yahoo! disclosed the breach in December of last year, but at the time, they said that only one billion accounts had been hacked.
Yahoo! suffered another cyberattack in 2014, when information was stolen from 500 million accounts.
Mayer, who resigned after Verizon bought Yahoo! in June, received a severance package worth $260 million. At the Senate hearing, she blamed Russian hackers for the 2014 breach, but said she did not know who was responsible for the 2013 breach. She was also unable to provide any details as to why it took the company three years to discover the 2013 breach, and why the company had grossly underestimated the number of stolen accounts.
While Mayer couldn’t provide many answers, she did express remorse. “As CEO, these thefts occurred during my tenure. I want to sincerely apologize to each and every one of our users,” she said during her testimony.
Some Senators, however, were unimpressed by the apology. Senator Brian Schatz (D-HI), said that it was “unfathomable” that Mayer could “harm consumers” then “walk away with the amount of money that a small city or county uses for their annual operating budget.”
Like Mayer, Equifax’s Richard Smith was also short on answers. Earlier this year, Equifax revealed that highly sensitive information from over 145.5 million users had been stolen. Because Equifax often gets data from third party users, many “customers” whose information was hacked were not even aware that Equifax had their information.
The company has been harshly criticized for waiting six weeks after finding out about the hack to disclose to customers, as well as for failing to install a much-needed security update that would have patched the vulnerability that hackers used to steal the data.
The executives, however, insisted that the breaches were the result not of negligence, but of increasingly “sophisticated” hacks. Mayer said that tech companies were engaged in an “arms race” against hackers, include state-sponsored agents, arguing that these hackers have “changed the playing field so dramatically” that “all companies, even the most well defended ones, could fall victim to these crimes.”
When asked if Yahoo! customers could expect their data to be safer in the future, chief privacy officer Karen Zacharia couldn’t say.
Age discrimination lawsuits are coming due to the pandemic – don’t add to the mess
(BUSINESS NEWS) Age discrimination is spreading despite intentions to help, and employers need to know how to proceed in this unprecedented era.
A 2015 survey found that 75% of older workers found age an obstacle in job hunting. COVID-19 made the situation much worse.
Not only do older workers deal with discrimination, but they are at a higher risk of developing serious complications from the virus. According to the Society for Human Resource Management, older workers were hit the hardest by job loss during the pandemic, which is unusual during a recession. As offices reopen, employers need to be careful to avoid age discrimination in rehiring.
Lawyers expect age discrimination lawsuits to increase.
Last September, Harris Meyer published an article in the ABA Journal that predicted a “flood of age discrimination lawsuits” from the pandemic. Employers who have good intentions by keeping older employees out of the workplace to protect their health are still guilty of age discrimination.
What can employers do to avoid age discrimination?
It may be fine line between making sure you don’t discriminate based on age while offering ADA accommodations. The first thing employers should do is to know what laws apply based on their location. Some states exempt employees over 65 from returning to the workplace out of safety fears, meaning that those employees can still get unemployment. Other states are cutting benefits if employees don’t return to work, regardless of age.
There are some jurisdictions that have passed legislation about which workers have the right to be recalled. Next, review your own policies and agreements with laid off and terminated employees. You may want to consult legal counsel to make sure you’re covering your bases.
As you rehire, whether you’re bringing back former employees or hiring new team members, do not make hiring decisions based on age. Keep good documentation about your decisions to terminate certain employees. If you are citing poor performance, make sure to have a record of that. Don’t terminate older employees who have bigger salaries just because of lower sales. Monitor your words (and that of your hiring team) to avoid bias in hiring and firing.
Provide accommodations or not?
According to the SHRM, “Workers age 40 and older are protected from bias by the Age Discrimination in Employment Act; however, that law doesn’t require employers to make accommodations for safety concerns.”
Still, employers can provide flexibility for workers, but it largely depends on the type of job. Reaching an accommodation for an office worker will be much easier than accommodating a sanitation worker.
Employers should assume that workers aged 40 and older can return to work. When the need for help is raised by the employee, enter negotiations for accommodations. Don’t initiate the conversation, and absolutely avoid any references to age.
Know that the environment may change as the pandemic continues to affect workers.
Be thoughtful about your hiring practices moving forward to avoid costly litigation from age discrimination.
Missing office culture while working remotely? This tool tries to recreate it
(BUSINESS NEWS) This startup just released new software to help you reproduce the best parts of in-person office interactions while you work from home.
Are you over working from home? Feeling disconnected from your co-workers? Well look no further: The startup Loop Team just released a tool that reproduces the office culture experience virtually.
“We’ve looked at a lot of the interactions that happen when you’re physically in an office — the visual communication, the background conversations, the hallway chatter,” said Loop Team’s founder and CEO Raj Singh in an interview with TechCrunch. “[W]e built an experience that effectively is a virtual office. And so it tries to represent the best parts of what a physical office experience might be like, but in a virtual form.”
Singh’s company, founded pre-COVID, is posed as a solution to feeling “out of the loop” while working remotely. During the pandemic, where virtually all of us are working from home, this technology is needed more than ever.
How it works is by essentially recreating an office experience on a virtual platform. Somewhere between Zoom and Slack with some added features, Loop Team lets you know who’s free to chat, who’s in meetings, and allows you to have private discussions using audio, video, and screen share. It’s ideal for working on projects together.
Loop’s layout is unique in the sense that it is designed to show you conversations in a clear, direct way – exposing relevant items and hiding the rest. Also, employees who miss meetings have the ability to review what they missed, making it perfect for companies that hire across time zones.
The platform was made available December 1st free of charge, but Singh is hoping to introduce a paid version next year. Pricing will likely reflect team size and should remain free for teams of 10 or less.
I’m a big fan of software that allows you to feel closer and more connected to your co-workers. Do I think anything will ever compare to a true, in-person office experience? Definitely not. That being said, I value this kind of progress, especially since I don’t think office culture en mass will make a return any time soon, regardless of vaccinations.
What’s DMT and why are techies and entrepreneurs secretly taking the drug?
(BUSINESS) The tech world and entrepreneur world are quietly taking a psychadellic in increasing numbers – they make a compelling case, but it’s not without risks.
Move over tortured artists and festival-goers, psychedelics aren’t just for you anymore. An increasing number of professionals in Silicon Valley swear by “microdosing” psychedelic substances such as lysergic acid diethylamide(LSD) in efforts to heighten creativity and drive innovative efforts.
This probably isn’t a shock to anyone following trends in tech and startups, particularly the glorification of the 8-trillion hour workweek (#hustle). But business owners, entrepreneurs, and technologists are also turning to other hallucinogens to awaken higher levels of consciousness in hopes of influencing favorable business results.
Dimethyltryptamine (DMT) is growing in popularity as business leaders and creatives flock to Peru or mastermind retreats to ingest the drug. It exists in the human body as well as other animals and plants. In his book DMT: The Spirit Molecule, Dr. Rick Strassman says “this ‘spirit’ molecule provides our consciousness access to the most amazing and unexpected visions, thoughts and feelings. It throws open the door to worlds beyond our imagination.”
The substance is commonly synthesized in a lab and smoked, with short-lived effects (between five to 45 minutes, however, some say it lasts for hours).
Traditionally, however, it is extracted from various Amazonian plant species and snuffed or consumed as a tea (called ayahuasca or yage). The effects of DMT when consumed in this manner can last as long as ten hours. Entrepreneurs are attracted to the “ayahuasca experience” for its touted ability to provide clarity, vision and inventiveness.
Physical effects are said to include an increase in blood pressure and a raised heart rate. Users report gastrointestinal effects when taken orally, commonly referred to as the “purge.” The purging can include vomiting or diarrhea, which makes for interesting conversation at the next company whiteboarding session.
Users are subject to dizziness, difficulty regulating body temperature, and muscular incoordination. Users also risk seizures, respiratory failure, or falling into a coma.
DMT can interfere with medications or foods, a reason why many indigenous tribes that work with it also follow specific dietary guidelines prior to ingestion. Not paying attention to diet or prescription medication prior to consuming ayahuasca or DMT can lead to the opposite of the intended effect, potentially even causing trauma or death.
So why the hell are people putting themselves through this ordeal?
Many claim profound mental effects, often experiencing a transformative occurrence that provides clarity and healing. Auditory and visual hallucinations are common, with reports of geometric shapes and sharp, bold colors. Many report intense out-of-body experiences, an altered sense of time and space or ego dissolution (“ego death”).
Studies have indicated long-term effects in people who use DMT. Some report a reduction in symptoms of depression or anxiety.
Subjects in an observational study showed significant reductions in stress after participating in an ayahuasca ceremony, with effects lasting through the 4-week follow-up period.
Subjects also showed improvements in convergent thinking that were still evident at the 4-week follow up. People who consume DMT generally chronicle improvements in their overall satisfaction of life, and claim they are more mindful and aware after the experience.
It’s important to note that dying from ayahuasca is rarely reported, but that doesn’t rule out the risk. It’s also illegal in the states, explaining why groups flock to Peru to visit licensed ayahuasca retreats or why technologists buy DMT on the dark web to avoid detection.
For those considering a DMT journey (and we don’t recommend it based on the illegal nature and health risks), it’s critical to gain a full understanding of the potential risks prior to consumption.
For more reading:
- A full (and long) history of DMT
- The documented effects of DMT
- What it’s like to take DMT (according to users)
This story was first published here in June, 2019.
Business News4 days ago
What’s DMT and why are techies and entrepreneurs secretly taking the drug?
Business Entrepreneur1 week ago
‘Small’ business was once a stigma, but is now a growing point of pride
Opinion Editorials1 week ago
Minimalism doesn’t have to happen overnight
Business Entrepreneur1 week ago
Why and how to acquire a business – 4 tips for radical success
Business Entrepreneur3 days ago
5 ways productive business owners fight through distractions and stay focused
Tech News17 hours ago
AI technology is using facial recognition to hire the “right” people
Opinion Editorials4 days ago
Art meets business: Entrepreneurship tips for creative people
Business Marketing1 day ago
Simple way to send text, email appointment reminders to clients