SEC investigating Yahoo over data breaches

SEC investigating Yahoo over data breaches


YAHOO IS BEING INVESTIGATED FOR WAITING YEARS TO REPORT TWO MASSIVE DATA BREACHES TO INVESTORS. ACCORDING TO THE WALL STREET JOURNAL… THE SECURITIES AND EXCHANGE COMMISSION OPENED AN INVESTIGATION LIKELY TO CENTER ON A 20-14 DATA BREACH AT YAHOO. THE TECH COMPANY ANNOUNCED LAST YEAR THAT 500 MILLION USERS WERE COMPROMISED BY THAT BREACH.. BUT YAHOO WAITED TWO YEARS TO DISCLOSE IT. YAHOO ALSO SAID IT RECENTLY DISCOVERED AN AUGUST 20-13 DATA BREACH THAT EXPOSED PRIVATE INFORMATION OF MORE THAN ONE BILLION USERS. THE COMPANY HASN’T EXPLAINED WHY IT TOOK SO LONG TO INFORM THE PUBLIC. IN NOVEMBER… YAHOO SAID IT IS “COOPERATING” WITH AGENCIES SEEKING INFORMATION ON THE 20-14 BREACH.

Author:

Leave a Reply

Your email address will not be published. Required fields are marked *