How the once mighty have fallen.
The trainwreck formerly known as Yahoo must pay a $35-million fine, the SEC said today.
"Yahoo's failure to have controls and procedures in place to assess its cyber disclosure obligations ended up leaving its investors totally in the dark about a massive data breach," Jina Choi, director of the SEC's San Francisco regional office, said in a statement.
Reports the LA Times.
The Securities and Exchange Commission announced the action Tuesday against the company, which is now called Altaba Inc. after its email and other digital services were sold to Verizon Communications Inc. for $4.48 billion last year. The Sunnyvale, Calif., company, which is no longer publicly traded, neither admitted nor denied the allegations but did agree to refrain from further violations of securities laws.
Personal data was stolen from hundreds of millions of Yahoo users in the December 2014 breach attributed to Russian hackers. The SEC alleged that although Yahoo senior managers and attorneys were told about the breach, the company failed to fully investigate. The breach wasn't disclosed to the investing public until more than two years later, when Yahoo was working on closing Verizon's acquisition of its operating business in 2016, the SEC said.
In Warsaw and other cities in Poland, crowds gathered Saturday to protest anti-LGBT discrimination and abuse promoted by the Polish government, as well as the recent detention of a prominent transgender activist.
Facebook is banning the pro-Trump Republican PAC “The Committee to Defend the President” from advertising, after the PAC repeatedly posted content identified as false by third-party fact-checkers. “As a result of the Committee to Defend the President’s repeated sharing of content determined by third-party fact-checkers to be false, they will not be permitted to advertise […]
Donald Trump on Thursday issued an executive order that bans doing business with ByteDance, the China-based company that owns TikTok. The ban takes effect in 45 days.
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It’s tempting for many young professionals to assume that because they’ve spent most of their lives posting links to Facebook or pushing selfies to Instagram that they have the skills needed to be a digital marketer. Creating compelling content is certainly important, but if you’re not up to speed on search engine optimization (SEO), how […]
With everybody working from home now, it’s natural to start thinking about careers where not going into the office is more the norm than the exception. Better yet, many are looking to start careers as freelancers, professionals who build their livelihoods around the scope of their talent and not the fortunes of one all-encompassing employer. […]