Remember Yahoo?

“Successor To Yahoo Is Fined in Data Hack,” The Wall Street Journal, April 25, 2018 B4. $35 million fine for failure to properly investigate a cyber breach affecting hundreds of millions (billions?) of Yahoo accounts.

Yahoo no longer exists, with surviving pieces owned by Verizon and Alibaba Group Holding.

How to file this?  Was there an obligation way back (in 2014) to notify people when the Russians had hacked their accounts?  What happens to your company if there is a breach of your customers’ security?  And you fail to mention it to anyone?  A fine?  Drawing and quartering?

 

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Filed under Communications, Compliance, Controls, Corporation, Duty, Governance, Oversight, Privacy, Protect assets, Security, To report

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