SEC imposes $35m fine over Yahoo data breach

Altaba, formerly called Yahoo, will pay $35m to settle charges it misled investors by failing to disclose a massive 2014 security breach, the Securities and Exchange Commission said on Tuesday.

The fine is the first the SEC has levied against a public company for failing to disclose a cyber breach and comes as the agency tries to impress upon businesses the need for proper controls and procedures around cyber security.

Read how the Securities and Exchange Commission of the United States has fined Yahoo a whopping $35 million for failing to disclose the 2014 data breach on Financial Times.

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