2014 happened to the former it giant Yahoo out of a hacking in which the hackers managed to grab information about 500 million users.
in A statement Thursday that the company kept secret until 2016.
the Decision to wait with the publication has been criticized by many experts and now the american authority, the SEC decided to fine Altaba, the company formerly known as Yahoo, at 298 million for the delay.
”Yahoo's failure to have controls and procedures in order to assess their cyber-discoveries left investors in the dark about a massive computer hacking,” said Jina Choi, director of the SEC's San Francisco office, in a statement.
Exactly why Yahoo chose to dark of the infringement is nothing that the company shared with us.
But Yahoo's then ceo Marissa Mayer has in a hearing of the u.s. congress asked everyone involved to apologise.