Defendant Name:
Altaba, Inc.
Defendant Type:
Public Company
SIC Code:
7375
CUSIP:
02134610
Document Reference:
33-10485
Document Details
Legal Case Name
In the Matter of Altaba Inc., f/d/b/a Yahoo! Inc.
Document Name
Order Instituting Cease-and-Desist Proceedings Pursuant to Section 8A of the Securities Act of 1933 and Section 21C of the Securities Exchange Act of 1934, Making Findings, and Imposing a Cease-and-Desist Order
Document Date
24-Apr-2018
Document Format
Administrative Proceeding
AAER
3937
Allegation Type
Issuer Reporting and Disclosure
Document Summary
The SEC stated that: "This matter concerns material misstatements and omissions by Yahoo, one of the world's largest Internet media companies, regarding a 2014 data breach affecting more than 500 million of its user accounts. In late 2014, Yahoo learned of a massive breach of its user database that resulted in the theft, unauthorized access, and acquisition of hundreds of millions of its users' data, including usernames, birthdates, and telephone numbers. At that time, the breach was the largest known theft of user data. Despite its knowledge of the 2014 data breach, Yahoo did not disclose the data breach in its public filings for nearly two years."
Disgorgement & Penalty Information
Resolutions
Cease and Desist Order
Monetary Penalties:
Civil Penalty
Individual:
$35,000,000.00
Shared:
