U.S. SEC fines Altaba $35 million over 2014 Yahoo email hack [CNBC]
ALTABA INC (AABA)
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Source: CNBC
U.S. regulators fined Altaba $35 million to settle charges that kept its massive 2014 cyber security breach a secret for more than two years. Altaba, formerly known as Yahoo, agreed to settle the charges without admitting or denying any wrongdoing. This is the first time the Securities and Exchange Commission has ever gone after a company for failing to disclose a cyber security breach. Published 1 Hour Ago Updated 4 Mins Ago Reuters Victor J. Blue | Bloomberg | Getty Images Analysts work in front of monitors displaying Altaba Inc. signage at the Market Intelligence Desk (MID) inside the Nasdaq MarketSite in New York. U.S. regulators fined Altaba , the company formerly known as Yahoo!, $35 million on Tuesday to settle charges that kept its massive 2014 cyber security breach a secret from investors for more than two years. The Securities and Exchange Commission's case marks the first time it ha
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