The US financial watchdog SEC imposed a fine on Yahoo! $35 million for failing to report one of the biggest breaches security in the world.
Yahoo! allegedly knew that its entire user database (billions of usernames, email addresses) had been tapped post officeh, phone numbers, dates of birth, passwords and security questions, from Russian hackers in December 2014.
Security staff advised Yahoo! (the administration and the legal department of the company), who decided not to report it to anyone.
Two years later, when Verizon announced it wanted to buy Yahoo !, the company revealed the massive violation.
“Yaho! failed to properly investigate the circumstances of the breach and to adequately examine whether the breach should have been disclosed to its investors, ”said Steven Peikin, director of the authorities investigating the case, on Tuesday.
The SEC, through Jina Choi, also said: “The failure of Yaho! scrutinizing procedures to evaluate cybersecurity obligations has ended up leaving its investors completely in the dark A public company should have controls and procedures in place to properly evaluate cyber incidents and disclose them to its investors in a timely manner. ”
The SEC also found that Yahoo! did not share all the information about the violation with its auditors or external lawyers.
Yahoo! neither admitted nor denied anything during the investigation by the SEC
And something important:
Earlier this month, Yahoo! renewed her appearance services Mail. Is anybody interested;
