The U.S. Securities and Exchange Commission says Yahoo has agreed to a $35 million civil fine to settle accusations that it failed to promptly notify investors about a December 2014 data breach.

The enforcement action puts public companies on notice that the SEC doesn’t look kindly upon efforts to conceal or downplay data breaches.

Yahoo, which has renamed itself Altaba, has neither admitted nor denied the allegations – as is typical in such enforcement actions – the SEC says in a Tuesday news release.

Read full news article on bankinfosecurity.com