Altaba Fined $35m for Yahoo Breach Notification Failings

Phil Muncaster

The company formerly known as Yahoo has agreed to pay a $35m penalty to the Securities and Exchange Commission after failing to notify the market promptly about a breach of hundreds of millions of accounts.

The December 2014 breach of around 500 million accounts resulted in usernames, email addresses, encrypted passwords, birthdates, phone numbers and security questions ending up in the hands of alleged Russian state hackers.

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