Dave Michaels

SEC Probes Why Facebook Didn’t Warn Sooner on Privacy Lapse

Apparently, the Securities and Exchange Commission is investigating whether Facebook adequately warned investors that developers and other third parties may have obtained users’ data without their permission or in violation of Facebook’s policies.

US Companies Hacked by Chinese Didn’t Tell Investors

Three US public companies identified as Chinese hacking victims didn’t report the theft of trade secrets and other data to investors, despite rules designed to disclose significant events.