Yahoo/Altaba is fined $ 35 million

- Published: 19 May 2018
Yahoo/Altaba is fined $ 35 million

The US financial policeman fined Altaba, Yahoo's successor, for failing to inform its shareholders of the cyberattack of the former Web giant in 2014.

Victim of one of the largest cyberattacks ever recorded in 2014, during which the personal data of 500 million accounts were stolen, Yahoo is not at the end of its sentences. The Security and Exchange Commission (SEC), the US stock constable, on Tuesday imposed a fine of $ 35 million on the former Web giant for failing to meet its information obligations to its shareholders.

The CEO at the time, Marissa Mayer, had not "correctly understood the stakes or investigated" about piracy, according to the terms of an investigation conducted internally. The company that has just launched an incubator specializing in the media and artificial intelligence had had to give up its end-of-year bonus and to grant new shares.

According to the SEC, investigations have not been completed: charges could be laid against leaders of the time who knowingly concealed the information.

Yahoo's former CEO, Marissa Mayer, had to give up his annual bonus after the revelation of the 2014 cyberattack. - AFP