US senator seeks SEC probe of Yahoo disclosure on hacking


  • TECH
  • Tuesday, 27 Sep 2016

Under fire: Yahoo has faced questions about exactly when it knew about the 2014 cyberattack.

WASHINGTON: Democratic Senator Mark Warner asked the US Securities and Exchange Commission to investigate whether Yahoo and its senior executives fulfilled obligations to inform investors and the public about a hacking attack affecting 500 million user accounts.

"Disclosure is the foundation of federal securities laws, and public companies are required to disclose material events that shareholders should know about," Warner said in a letter to SEC chairwoman Mary Jo White.

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