Yahoo! Inc. (NASDAQ:YHOO): Trying To Put It Together

by Liza Smith | Friday, Apr 4, 2014 | 1284 views

Boston, MA, 04/04/2014 (usastockreports) – Yahoo! Inc. (NASDAQ:YHOO) has been working hard to step its foot in the right direction in order to head towards the direction of growth and development.

The Encryption Challenge

Reportedly Yahoo has been trying to create an encryption for its huge number of website so as to prevent and stop hackers or the government spies from intervening in its business affairs. Other companies like Yahoo are also trying to do the same but they have put not as much efforts as have been put into this by Yahoo. Reasons for such concern regarding the companies’ websites could be the fact that Yahoo had recently upset all its investors because of not being able to raise proper revenue in the recent quarters.

So Yahoo! Inc. (NASDAQ:YHOO) declared that there had been progress in its efforts to take up the encryption levels for its site. Speculations are being made regarding this encryption deal that this is Yahoo’s reaction to the last year leaks about Edward Snowden. Yahoo has not only encrypted its homepage now but also all the traffic between its data centers. Alex Stamos who is the new Chief Information Security Officer at Yahoo and has also worked previously as a security researcher who pointed out loopholes in Yahoo! Inc. (NASDAQ:YHOO)’s commercial software, provided all this information.

Reduction in Internet Usage After Snowden

Reportedly after the Snowden incident last year the new Harris Interactive Survey has pointed out that there has been a major reduction in the usage of the Internet by the commoners. Since last year when Edward Snowden revealed the information about the Internet Surveillance and NSA Phones, there has been a significant fall in the number of people sending emails and also a major reduction in online shopping and banking areas. Reportedly people are being more careful on a general basis about their regular online activities.

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