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Yahoo Inc. has lost another one of the entrepreneurs brought in through Chief Executive Marissa Mayer’s startup shopping spree.
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The Securities and Exchange Commission today announced that the entity formerly known as Yahoo! Inc. has agreed to pay a $35 million penalty to settle charges that it misled investors by failing to disclose one of the worlds largest data breaches in which hackers stole personal data relating to hundreds of millions of user accounts. According to the SECs order, within days of the December 2014 intrusion, Yahoos information security team learned that Russian hackers had stolen what the security …
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