After Yahoo GC's exit, are in-house counsel jobs at risk over cybersecurity?
Is the departure of Yahoo legal chief Ron Bell a wakeup call for in-house lawyers?
Yahoo has had a tough run in the wake of the 2016 public disclosure of two massive data breaches that took years to disclose – one in 2014 that impacted at least 500 million customer email accounts and another in 2013 that affected more than one billion user accounts.
As a result, the company took a $350m (£285m) price cut in its planned acquisition by Verizon and has paid $16m (£13m) in publicly reported expenses related to the incidents, including $11m (£9m) in non-recurring legal costs.
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