Yahoo Should Face SEC Probe Over Data Breach, Senator Says

Updated on
  • Virginia’s Warner faults company over timing of announcement
  • Hack’s magnitude fits definition of material event, he says

Yahoo! Inc. should face a U.S. Securities and Exchange Commission investigation into whether the Internet media company properly informed investors and the public about a massive data breach that it confirmed last week, Senator Mark Warner said in a letter to SEC Chair Mary Jo White.

To continue reading this article you must be a Bloomberg Professional Service Subscriber.