Yahoo Successor Pays $35m Penalty for Data Breach
In the first ever data breach enforcement action, Altaba, Inc., as successor in interest to Yahoo, paid a $35 million penalty to settle the SEC's cease and desist proceeding for Yahoo’s two-year delay in reporting the massive data breach that the company experienced in December 2014. The SEC has indicated that it is increasingly focused on companies’ cybersecurity disclosure practices. Andersen Sleater Sianni represents consumers who have been victims of data breaches including the recent one announced involving Lord and Taylor. Click here to read more about Altaba.