Article Image
News Link • Hacking, Cyber Security

Yahoo agrees to $50M settlement package for users hit by massive security breach

• https://techcrunch.com, Jon Russell

In what appears to be the closing move to the two-year-old lawsuit, Yahoo — which is now part of Verizon's Oath business [which is the parent company of TechCrunch] — has proposed to pay $50 million in compensation to an estimated 200 million users in the U.S. and Israel, according to a court filing.

In addition, the company will cover up to $35 million in lawyer fees related to the case and provide affected users in the U.S. with credit monitoring services for two years via AllClear, a package that would retail for around $350. There are also compensation options for small business and individuals to claim costs for losses associated with the hacks. That could include identity theft, delayed tax refunds and any other issues related to data lost at the hands of the breaches. Finally, those who paid for premium Yahoo email services are eligible for a 25 percent refund.

Join us on our Social Networks:

 

Share this page with your friends on your favorite social network:


Purse.IO Save on All Amazon Purchases