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Yahoo to Pay $50M to Consumers Affected by Massive Security Breach

DDG
DDG

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yahoo Security Breach

Yahoo to Pay $50M to Consumers Affected by Massive Security Breach

Yahoo has agreed to pay up after the largest consumer internet hacks that affected up to 200 million U.S. consumers and some three billion email accounts worldwide.

Yahoo proposed a settlement $50 million to victims of that security breach. In addition, the company will cover up to $35 million on lawyer fees related to the case and provide affected users in the U.S. with credit monitoring services for two years via AllClear

There are also compensation options for small business and individuals to claim back 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.

The Yahoo security breach settlement is not yet finalized. It is subject to final approval from U.S. District Judge Lucy Koh of the Northern District of California at a hearing slated for November 29.

Disclosure: Miles to Memories has partnered with CardRatings for our coverage of credit card products. Miles to Memories and CardRatings may receive a commission from card issuers.

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DDG
DDGhttp://dannydealguru.com
Based in NYC. Points/miles enthusiast for years and actively writing about it for the last 6+ years at Danny the Deal Guru. I'm always looking out for deals. Making a few bucks is always nice, but the traveling is by far the best part of this business.

Responses are not provided or commissioned by the bank advertiser. Responses have not been reviewed, approved or otherwise endorsed by the bank advertiser. It is not the bank advertiser's responsibility to ensure all posts and/or questions are answered.

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