Yahoo Under SEC Investigation for Not Disclosing Massive Data Breach Sooner
Yahoo is under investigation from the Securities and Exchange Commission over its failure to disclose its massive data breaches sooner, according to The Wall Street Journal.
In September 2016, the internet company revealed that an unidentified hacker had stolen the personal data of "at least" 500 million users. Then last month, the internet company admitted that over one billion Yahoo user accounts had been compromised in a hack dating back to August 2013. Information stolen included names, email addresses, phone numbers, birth dates, hashed passwords, security questions and answers.
According to today's report, the SEC is investigating why Yahoo waited years before disclosing the massive data breach, despite the fact that some staff had known about the incident since at least 2014. The SEC has requested documents from Yahoo relating to the hacks in order to decide whether the internet giant could have reported the breach to investors sooner.
Yahoo is currently negotiating a takeover bid by Verizon, who is reportedly seeking a $1 billion discount off an original $4.8 billion buyout agreement because of the hacking revelations. It's unclear what impact the SEC investigation will have on the deal, but Yahoo's share price had already fallen following the news.
Popular Stories
Apple is expected to unveil the iPhone 17 series on Tuesday, September 9, and last-minute rumors about the devices continue to surface.
The latest info comes from a leaker known as Majin Bu, who has shared alleged images of Apple's Clear Case for the iPhone 17 Pro and Pro Max, or at least replicas.
Image Credit: @MajinBuOfficial
The images show three alleged changes compared to Apple's iP...
An iPhone 17 announcement is a dead cert for September 2025 – Apple has already sent out invites for an "Awe dropping" event on Tuesday, September 9 at the Apple Park campus in Cupertino, California. The timing follows Apple's trend of introducing new iPhone models annually in the fall.
At the event, Apple is expected to unveil its new-generation iPhone 17, an all-new ultra-thin iPhone 17...
Apple will launch its new iPhone 17 series this month, and the iPhone 17 Pro models are expected to get a new design for the rear casing and the camera area. But more significant changes to the lineup are not expected until next year, when the iPhone 18 models arrive.
If you're thinking of trading in your iPhone for this year's latest, consider the following features rumored to be coming to...
Apple and Samsung have reportedly issued cease-and-desist notices to Xiaomi in India for an ad campaign that directly compares the rivals' devices to Xiaomi's products. The two companies have threatened the Chinese vendor with legal action, calling the ads "disparaging."
Ads have appeared in local print media and on social media that take pot shots at the competitors' premium offerings. One...
Apple is preparing to release iOS 18.7 for compatible iPhone models, according to evidence of the update in the MacRumors visitor logs.
We expect iOS 18.7 to be released in September, alongside iOS 26. The update will likely include fixes for security vulnerabilities, but little else.
iOS 18.7 will be one of the final updates ever released for the iPhone XS, iPhone XS Max, and iPhone XR,...
Another hint has surfaced that Apple is preparing to eliminate the physical SIM card tray from iPhones in more countries this year.
In particular, a source familiar with the matter has informed MacRumors that retail employees at Apple Authorized Resellers in the EU are required to complete a training course related to iPhones with eSIM support by Friday, September 5. There are 27 countries...
