If reports are to be believed it is said that Yahoo's European regulator is preparing to give the US Internet company the consequences of an investigation into the 2014 theft of data from 500 million users, including any curative action to avoid a repeat of the breach.
The giant Yahoo in September last year told that the hackers had stolen the data in 2014, prompting criticism from US politicians into the holdup in alerting customers.
The Ireland's Data Protection Commissioner, the lead European regulator on privacy issues for Yahoo because the company's European headquarters are in Dublin, told Reuters that she would issue the report "in the next couple of weeks".
"We are preparing to serve the final report on Yahoo EMEA Ltd and require of them any remedial actions we have identified," Helen Dixon said in an interview. “It will be up to Yahoo whether to make the report public.” she added.
It is also been said that a new and innovative EU-wide data protection law which is said to be coming into force in May 2018 allows fines of up to 4 percent of global turnover. However, till then the office of the Data Protection Commissioner said it has no administrative capability to fine a company.
A spokesman for Yahoo said that it has been assisting with the commissioner's office on the investigation and will review the final findings cautiously when they are available.
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