It seems that Yahoo is under investigation by the Security & Exchange Comission because of the fact they may not have disclosed the facts behind two epic hacks. Reuters has the details:
Yahoo said in a November 2016 quarterly filing that it was “cooperating with federal, state and foreign” agencies, including the SEC, that were seeking information and documents about a “security incident and related matters.”
The SEC is investigating whether two massive data breaches at Yahoo should have been reported sooner to investors, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
An SEC spokesman declined to comment. A Yahoo spokesman directed Reuters to the company’s November filing.
Seeing as Yahoo has just been bought by Verizon, they may be having buyers remose ase the SEC tends to swing a pretty big hammer when it comes to this sort of thing. It will be interesting to see how painful the SEC makes it for them.
Related
This entry was posted on January 23, 2017 at 11:16 pm and is filed under Commentary with tags Yahoo. You can follow any responses to this entry through the RSS 2.0 feed.
You can leave a response, or trackback from your own site.
Yahoo Being Investigated By Feds Over Epic Hacks
It seems that Yahoo is under investigation by the Security & Exchange Comission because of the fact they may not have disclosed the facts behind two epic hacks. Reuters has the details:
Yahoo said in a November 2016 quarterly filing that it was “cooperating with federal, state and foreign” agencies, including the SEC, that were seeking information and documents about a “security incident and related matters.”
The SEC is investigating whether two massive data breaches at Yahoo should have been reported sooner to investors, the Wall Street Journal reported on Sunday, citing people familiar with the matter.
An SEC spokesman declined to comment. A Yahoo spokesman directed Reuters to the company’s November filing.
Seeing as Yahoo has just been bought by Verizon, they may be having buyers remose ase the SEC tends to swing a pretty big hammer when it comes to this sort of thing. It will be interesting to see how painful the SEC makes it for them.
Share this:
Like this:
Related
This entry was posted on January 23, 2017 at 11:16 pm and is filed under Commentary with tags Yahoo. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.