When companies are breached, they are required by the SEC and state regulatory agencies, but the rules are vague and fraught with loopholes.
Shares of Yahoo! drop again Monday as Armstrong said on TV that Verizon would protect shareholders, subscribers.
Will Verizon receive a price adjustment on its $4.8 billion acquisition of Yahoo! amid its data breach? Jim Cramer weighs in.
AOL CEO Tim Armstrong says Verizon will work with Yahoo! (YHOO) to rectify last week's data breach.