SEC Charges Pearson for Misleading Investors About Cyber Breach

The U.S. Securities and Exchange Commission says Pearson agrees to pay $1 million to settle charges that it misled investors about a 2018 cyber intrusion involving the theft of millions of student records, including dates of births and email addresses, and had inadequate disclosure controls and procedures.

• Pearson agreed to cease and desist from committing violations of these provisions without admitting or denying the SEC’s findings

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