U.S. regulator fines Altaba $35 million over 2014 Yahoo email hack

WASHINGTON/SAN FRANCISCO (Reuters) - U.S. regulators fined Altaba Inc, the company formerly known as Yahoo! Inc, $35 million on Tuesday to settle charges that kept its massive 2014 cyber security breach a secret from investors for more than two years. The Securities and Exchange Commission's case marks the first time it has gone after a company for failing to disclose a cyber security breach. Yahoo's information security team learned just days after the December 2014 breach that Russian hackers had stolen the company's "crown jewels," including email addresses, encrypted passwords and security questions, the SEC said in a statement.

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