This week, the U.S. Securities and Exchange Commission and Altaba Inc., (formerly known as Yahoo! Inc), came to a $35 million settlement over the company’s alleged failure to disclose a massive data breach that was discovered in 2014 but, according to the commission, was not reported to investors until 2016.

Attorneys who work on cybersecurity matters believe this action will be far from the last of its kind—and that the SEC will continue to pursue publicly traded companies that it believes are not keeping investors informed enough.

This content has been archived. It is available through our partners, LexisNexis® and Bloomberg Law.

To view this content, please continue to their sites.

Not a Lexis Subscriber?
Subscribe Now

Not a Bloomberg Law Subscriber?
Subscribe Now

Why am I seeing this?

LexisNexis® and Bloomberg Law are third party online distributors of the broad collection of current and archived versions of ALM's legal news publications. LexisNexis® and Bloomberg Law customers are able to access and use ALM's content, including content from the National Law Journal, The American Lawyer, Legaltech News, The New York Law Journal, and Corporate Counsel, as well as other sources of legal information.

For questions call 1-877-256-2472 or contact us at [email protected]