WASHINGTON, April 24 (Reuters) - U.S. regulators fined Altaba, the company formerly known as Yahoo! Inc., $35 million on Tuesday to settle charges that kept its massive 2014 cyber security breach a secret from investors for more than two years.
The Securities and Exchange Commission’s case marks the first time it has ever gone after a company for failing to disclose a cyber security breach.
The company agreed to settle the charges without admitting or denying any wrongdoing. (Reporting by Sarah N. Lynch)