Yahoo’s delayed disclosure of massive data breach prompts investigation

It just gets worse for Yahoo. A 2014 data breach that compromised at least 500 million user profiles has only been uncovered 2 years later. A pending investigation focusses on whether Yahoo actually let investors know soon after learning about the hack.

Nothing groundbreaking has yet to be discovered, but it’s a shame that Yahoo can’t stay of the spotlight for all the wrong reasons.

The Securities and Exchange Commission is reportedly investigating whether Yahoo’s decision to delay disclosure of its massive data security breaches last year complied with civil securities laws. According to a report in The Wall Street Journal, the investigation centers on whether the tech company let investors know soon enough after learning of being hacked.

Source: Ad Week


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