SEC fines Yahoo $35 million for failing to disclose data breach

Yahoo! Inc. agreed Tuesday to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the world’s largest data breaches in which hackers stole personal data relating to hundreds of millions of user accounts.

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Tom Fox: Yahoo suffered ‘systemic corporate failures’

Yahoo CEO Marissa MayerTypically when there's a large corporate legal violation or other incident which damages the reputation of the organization, one of the key factors is the failure of the Board to engage in active oversight. However, when such an event occurs, there are multiple levels of responsibility.

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Yahoo describes massive data breach, doesn't explain two-year disclosure gap

Yahoo said in a securities filing Wednesday that employees knew in late 2014 a state-sponsored hacker entered its network and stole names, birth dates, and encrypted passwords for more than 500 million accounts.

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