"The U.S. Securities and Exchange Commission announced today that Altaba, which contains Yahoo's remains, agreed to pay the fine to settle charges that it misled investors by not informing them of the hack until September 2016, despite known of it as early as December 2014," reports The Verge. Altaba, the holding company formed to carry the remains of Yahoo after it sold its core business to Verizon, has agreed to pay a $35 million fine to the Securities and Exchange Commission for Yahoo’s failure to quickly inform users about several massive breaches.
The U.S. Securities and Exchange Commission fines Altaba US$35 million for failing to disclose its 2014 data breach in a timely manner.