Yahoo hack may become test case for SEC data breach disclosure rules – bdnews24.com

Democratic Senator Mark Warner this week asked the US Securities and Exchange Commission to investigate whether Yahoo and its senior executives properly disclosed the attack, which Yahoo blamed on Sept 22 on a “state-sponsored actor.”

The Yahoo hack could become a test case of the SEC’s guidelines, said Jacob Olcott, former Senate Commerce Committee counsel who helped develop them, due to the size of the breach, intense public scrutiny and uncertainty over the timing of Yahoo’s discovery.

via Yahoo hack may become test case for SEC data breach disclosure rules – bdnews24.com