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As SEC Investigates Yahoo Breach, FTC Reiterates Need for Federal Breach Notification Laws

Following a data breach involving over 500 million accounts and a delay in notifying the public or impacted parties, the Securities and Exchange Commission (SEC) started an investigation into the Yahoo data breach at the request of a Senator. Later at a Senate Committee meeting the Federal Trade Commission (FTC) cited the Yahoo breach reiterating their support for federal data breach legislation.

Meanwhile as large-scale data breaches continue, so too does identity theft. The FTC received nearly 500,000 identity theft complaints in 2015, a 47 percent increase from the year before.

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