$35M fine for Yahoo after 2016 data breach

You may remember a Yahoo data breach revealed in 2016 that exposed the information of more than 500 million users.

You’re not the only one: The U.S. Securities and Exchange Commission announced it’s fining Yahoo $35 million for not disclosing the breach, which happened in 2014.

Hackers stole usernames, email addresses, phone numbers, birth dates, encrypted passwords and security questions during the breach.

Although the company knew a breach occurred in 2014, Yahoo didn’t disclose it until 2016. The fine is specifically for not sharing the breach with shareholders.

Info: tinyurl.com/yahoo487