Wednesday, 25 April 2018

Yahoo slapped with $35m fine for failing to disclose 2014 mega-breach.

SEC says firm 'left investors totally in the dark'

INTERNET HAS-BEEN Yahoo has been slapped with a $35m fine for its failure to disclose a massive 2014 security breach. 

The hefty fine is first the Securities and Exchange Commission (SEC) has levied against a public company for failing to disclose a cyber breach.

It comes after Yahoo failed to properly disclose details of its a 2014 hack that resulted in the theft of more than 500 million users' details, including usernames, email addresses, encrypted passwords, birthdates, phone numbers, and security questions and answers.

By Carly Page.
Full story at The Inquirer.

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