Yahoo Fined $35 Million By SEC For Failing To Disclose Data Breach

Yahoo has agreed to pay $35 million to settle charges that it misled investors by waiting nearly two years to disclose that hackers stole data relating to 500 million users, the SEC said Tuesday.

The fine is the latest development stemming from data breach occurring in December of 2014, when Russian hackers obtained email addresses, telephone numbers, dates of birth, hashed passwords, and in some cases, encrypted or unencrypted security questions and answers. Yahoo failed to disclose the breach until September 2016, when it was about to be acquired by Verizon.

Source: Yahoo Fined $35 Million By SEC For Failing To Disclose Data Breach 04/25/2018

>