They friggin’ knew…
Yahoo has continued to astound both the world and their hopeful acquisition partner Verizon, but not in a fashion for which anyone would hope. In their latest regulatory filing with the Securities and Exchange Commission (SEC), the company identified that they knew of the security breach that put at risk customer passwords, phone numbers and email address from 500 million accounts beginning in 2014, but only made that knowledge public in September of this year.
“The Company had identified that a state-sponsored actor had access to the Company’s network in late 2014,” Yahoo’s most recent 10-K form admitted.
The tech company is investigating. Itself.
To address the issue, Yahoo has created an independent committee of its board of directors, charged with investigating two elements: The breadth of the knowledge within Yahoo that accounts had been compromised beginning in 2014 and continuing until this year, and the depth to which user account information had been mined and accessed. To assist them in their work, the board is advised by independent counsel and a forensic expert in their investigation.
Yahoo stated in its SEC filing that its investigation led them to believe that the state-sponsored hackers “created cookies that could have enabled such intruder to bypass the need for a password to access certain users’ accounts or account information.”
The breach has already cost Yahoo over $1M
Speaking on condition of anonymity to Fortune, a confidential source stated that the company believes that their signature Yahoo Mail program and user accounts are now finally secure. “It wasn’t until this most recent intensification of the investigation that really gave the full scope of what occurred,” the source said to Fortune, referring to the company’s renewed interest in reviewing its security posture after it began investigating the claims of a hacker earlier this year.
Now the defendant in 23 separate class action lawsuits, Yahoo has paid breach-related expenses of $1 million over the most recent quarter. Marissa Mayer, Yahoo CEO, stated in the latest earnings call that user engagement metrics, which are vital to maintaining rates for Yahoo’s advertising sales, had not been affected by the response to the hacking incident.
However, some analysts, including those at Fortune, have noted that an increase in user engagement with Yahoo Mail could be nothing more than victims (or those who were concerned that they were), logging in to change their passwords and account details.
Will Verizon still buy Yahoo?
Verizon’s proposed $4.8 billion acquisition of Yahoo hangs in the balance, as the company deals with both this issue and the previous revelation that it had complied with a U.S. government demand to review hundreds of millions of Yahoo Mail accounts at the request of the National Security Agency or the FBI.
“We’re still evaluating the situation and haven’t come to any conclusions,” said Jim Gerace, Verizon’s chief communication officer.
Verizon has previously claimed that it had not been made aware of the existence of Yahoo’s breach or their participation in the classified U.S. government program prior to making their offer for Yahoo.
Although such an acquisition would pass through the scrutiny of government regulators prior to its completion, Senator Patrick Leahy of Vermont and Senator Chuck Grassley of Iowa of the U.S. Senate Judiciary Committee have indicated their desire to hold hearings on the matter of the email breach, further clouding Yahoo’s future.
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.
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