Senator Mark Warner Calls for an SEC Investigation Into Yahoo Hack

Senator Mark Warner is calling for an SEC investigation into the Yahoo hack. “Although the SEC has longstanding guidance on when publicly traded companies should report hacking incidents, companies that have experienced known breaches often omit those details in regulatory filings, according to a 2012 Reuters investigation…. In a Sept. 9 regulatory filing with the SEC, Yahoo stated it did not have knowledge of ‘any incidents of, or third party claims alleging … unauthorized access’ of personal data of its customers that could have a material adverse effect on Verizon’s acquisition.”

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