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Ex-Yahoo paying $35M to settle SEC charges over 2014 hack

“The SEC alleged that, although Yahoo senior managers and attorneys were told about the breach, the company failed to fully investigate” reports thebusinessjournal.com. Personal data was stolen from hundreds of millions of Yahoo users in the December 2014 breach attributed to Russian hackers.The Sunnyvale, California-based company, which is no longer publicly traded, neither admitted nor denied the allegations but did agree to refrain from further violations of securities laws.The Securities and Exchange Commission announced the action Tuesday against the company, which is now called Altaba after its email and other digital services were sold to Verizon Communications for $4.48 billion last year.published on April 24, 2018 – 12:40 PM Written by Associated Press (AP) — The company formerly known as Yahoo is paying a $35 million fine to resolve federal regulators’ charges that the online pioneer deceived investors by failing to disclose one of the biggest data breaches in internet history.
 
Source: thebusinessjournal.com



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