SEC investigating Yahoo over breach

The Securities and Exchange Commission (SEC) opened a formal investigation into the record-breaking data breach at Yahoo, The Wall Street Journal reports.

The investigation is said to focus on why it took until September 2016 to report a breach that took place in 2014. 

The Yahoo breach included the pilfering of information on half-a-billion accounts. 

{mosads}If brought to prosecution, it would mark the first time the SEC has pursued a case based on failure to disclose a data breach. 

The FBI, Senate and other groups have also announced plans or begun to investigate Yahoo. 

Until the breach was announced, Yahoo was slated to be sold to Verizon. Verizon has since said it still intends to purchase Yahoo but may re-evaluate its price.