| May 1, 2018

SEC fines Yahoo (aka Altaba) $35 million for failing to disclose massive cybersecurity breach

Russian hackers in late 2014 stole Yahoo’s “crown jewels”, hundreds of millions of usernames, emails, phone numbers, birthdays, passwords, and security questions. Last week, the company in its entirety agreed to pay $35 million in SEC fines for failing to disclose the breach for over two years, filing quarterly and annual reports with the commission without mentioning the data breaches.

Verizon acquired Yahoo in June 2017 and since renamed the firm Altaba Inc.

For more information, including SEC statements and comments on the case, click here.

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Daniel Enskat

Daniel has written over a dozen books on the global asset management industry and has lectured at universities around the world alongside speakers such as Secretary of State John Kerry, Dr. Mark Mobius, ex-Fed Chairman Alan Greenspan, Professor KC Chan and former Prime Minister Gerhard Schroeder.

He is widely sought after for presentations, discussions and his perspective on the global asset management industry, and in the last two decades has advised hundreds of investment management CEOs on strategy and global expansion.

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