Altaba (Formerly Yahoo) to Pay $35 Million Fine Over Breach Disclosure

The company formerly known as Yahoo is paying a $35 million fine to resolve federal regulators' charges that the online pioneer deceived investors by failing to disclose one of the biggest data breaches in Internet history. The Securities and Exchange Commission announced the action against the company, which is now called Altaba after its email and other digital services were sold to Verizon Communications for $4.48 billion last year.